NSE vide circular dated December 08, 2023 has issued clarification regarding actions in case of failure to settle a deal on Request for Quote (RFQ) platform. Participants are requested to note that, there shall be no penal action effected for Individual Investors till December 31, 2023, in case of failure to settle a deal post execution of trade on the RFQ Platform.
The identification of Individual Investors will be done as per Income Tax PAN classification.