Background and Previous Disclosure
Reference is made to previous intimation letter YBL/CS/2026-27/34 dated May 26, 2026, where YES Bank informed about YES Securities receiving an order from National Stock Exchange of India Limited (NSE) dated May 26, 2026. The order imposed: (1) prohibition on YES Securities as Trading Member from onboarding any new clients for 3 months from order date, and (2) monetary penalty aggregating to ₹2 lakhs.
Compliance Actions
YES Securities (India) Limited has complied with the directions of NSE in respect of the May 26, 2026 order. The subsidiary undertook requisite corrective actions and immediate steps, demonstrating a constructive and cooperative approach in addressing compliance issues. YES Securities engaged proactively with NSE in the verification process.
Current Development
NSE vide its order dated July 01, 2026 has decided to lift the prohibition imposed on YES Securities (India) Limited on onboarding of new clients. The lifting is effective from the date of this order (July 01, 2026).