New Delhi (Rajeev Sharma): The Supreme Court has approved the settlement reached between the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE) in connection with regulatory proceedings arising from the co-location and dark-fibre matters.
As part of the settlement under SEBI’s consent mechanism, the NSE has paid ₹1,491.21 crore. The payment follows proceedings that had remained pending for several years.
The settlement brings the regulatory proceedings concerning the two matters to a close. With the agreement receiving the Supreme Court’s approval, the cases pending before the court in relation to the proceedings have also been disposed of.
The co-location and dark-fibre matters had been the subject of regulatory scrutiny involving the functioning of NSE’s trading infrastructure and access arrangements. The settlement now marks the conclusion of the proceedings covered by the agreement.
The Supreme Court’s order follows the completion of the settlement process between the market regulator and the exchange. With the cases disposed of, no further proceedings remain pending before the apex court in relation to the matters covered by the settlement.
