CRISIL Ratings has taken note of the order dated March 14, 2024, passed by Multi Commodity Exchange of India (MCX) followed by a similar order by the National Stock Exchange (NSE) on the same date, imposed on 5Paisa Capital Limited (5Paisa) – restricting the company from onboarding new clients across all segments for a period of 15 days or till the company submits a complete Root Cause Analysis (“RCA”) along with documentary evidence; the same is further analyzed by MCX, and MCX satisfies itself about corrective measures taken, whichever is higher. This order was subsequently revoked by MCX on March 15, 2024 followed by NSE on March 17, 2024.
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