 "The consent process allows an alleged wrongdoer to settle a pending issue with Sebi by accepting penal action without admitting or denying the guilt")
The National Stock Exchange of India (NSE) on Thursday filed an application with the Securities and Exchange Board of India (Sebi) for settling the co-location (colo) issue under the consent mechanism.
“The application has been filed under the settlement regulations of Sebi. Sebi will review the application and get back to NSE on the future course of action. NSE will work with Sebi on early resolution of this matter,” said the exchange in a release.
The deadline for filing the consent application for the NSE was to end in two days. According to Sebi regulations, the consent application has to be made
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