No proposal from NSE seeking approval for trading on its own platform: SEBI chief
SEBI Chairman Tuhin Kanta Pandey clarified that the National Stock Exchange has not requested approval to trade on its own platform. He also addressed concerns regarding new UPI merchant discount rates and the ongoing NSE IPO.
Why it matters
Regulatory clarity on exchange operations and digital payment fees is critical for market stability and the fintech ecosystem in India.
SEBI Chairman Tuhin Kanta Pandey on Thursday (September 17, 2026) said there is no proposal from the National Stock Exchange (NSE) seeking the regulator's approval to trade on its own platform after getting listed.
"No, there is no such letter, and there is no such requirement," Mr. Pandey told reporters on the sidelines of the National Bank for Financing Infrastructure and Development (NaBFID) Infrastructure Conclave 2026.
He further said such trading cannot be permitted at present.
The National Stock Exchange's much-awaited Rs 22,569-crore IPO opened for subscription on Thursday (September 17, 2026).
Subscription to the 3-day issue will close on September 21. The IPO is entirely an offer-for-sale of 12.64 crore equity shares by existing shareholders. The company's price band for the offer has been fixed at ₹1,700-1,785 per share.
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