Notice No20190328-2Notice Date28 Mar 2019
Subject Penalty norms of Equity Derivatives Segment to be applicable in Equity Cash Segment.

Please refer to SEBI circular no. SEBI/HO/MIRSD/DOP/CIR/P/2019/14 dated January 11, 2019 and ICCL Circular no. 20190218-17 dated February 18, 2019 which specifies that the membership structure as Trading Member (TM), Self-Clearing Member (SCM), Trading-cum-Clearing member (TCM) and Professional Clearing Member (PCM) as prevalent in Equity Derivatives Segment shall be applicable in Equity Cash Segment w.e.f. April 1, 2019.

In this regard, members may note that the  penalty norms for violation of trading limits (assigned by clearing members to trading members) in Equity Derivatives as stipulated vide notice no. 20180326-42 dated March 26, 2018 will be applicable in Equity Cash Segment also.


For and on behalf of Indian Clearing Corporation Ltd



Ravindra Palande
Dy. General Manager
Tel No. 022-22728308