SEBI seeks report from NSE on “trading halt”

Last updated: 25 February 2021

Save Share

Quick Summary

The Securities and Exchange Board of India (SEBI) has asked the National Stock Exchange (NSE) to conduct a thorough investigation into the trading halt that occurred today. SEBI also requires an explanation for why trading could not be moved to the disaster recovery site. The NSE reported that the halt, which lasted from 11:40 am to 3:30 pm, was caused by issues with telecom service provider links. Consequently, trading hours were extended across NSE, BSE, and MSEI until 5:00 pm.

Securities and Exchange Board of India

SEBI seeks report from NSE on “trading halt

SEBI has advised NSE to carry out a detailed root cause analysis of the “trading halt” witnessed at NSE today and also explain the reasons for trading not migrating to the disaster recovery site. SEBI has asked NSE to submit its report at the earliest.

It was informed by NSE that trading was halted at 11.40 am today due to “issues with the links with telecom service providers”.

SEBI was in constant touch with NSE officials and continued to monitor the situation closely. NSE was also advised to keep the market participants updated with the evolving developments.

The “trading halt” continued till 3.30 pm. In view of the exceptional situation arising out of the “trading halt”, it was decided to extend the trading hours from 3.30 pm to 5.00 pm at NSE, BSE and MSEI.

Mumbai
February 24, 2021

FAQ :

SEBI has asked the NSE to carry out a detailed root cause analysis of the trading halt and explain why trading did not migrate to the disaster recovery site.

The NSE informed SEBI that the trading halt was due to 'issues with the links with telecom service providers'.

The trading halt continued from 11:40 am until 3:30 pm.

Yes, due to the exceptional situation, trading hours were extended from 3:30 pm to 5:00 pm at NSE, BSE, and MSEI.

SEBI was in constant contact with NSE officials, closely monitored the situation, and advised the NSE to keep market participants updated.

Notification No : Press Releases February 24, 2021
Source : https://www.sebi.gov.in/media/press-releases/feb-2021/sebi-seeks-report-from-nse-on-trading-halt-_49264.html

474 Views Comment Share Investments & Personal Finance Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments