NSEL brokers’ settlement scheme from August 25

SEBI ON WEDNESDAY said a settlement scheme for stock brokers, who traded on the now-defunct National Spot Exchange (NSEL) platform, will open on August 25. It will conclude on February 25,2026.

 

The scheme aims to provide a settlement opportunity to stock brokers against whom Sebi has already passed orders for trading or facilitating trading on the NSEL platform and are currently pending before any authority or forum like the adjudicating officer, the SAT or the courts.

 

This scheme is for settling only the violations relating to the securities laws without any bearing on the matters, which arc being investigated by other law enforcement agencies, falling under their jurisdictions, ’’the regulator said.