NSE Cannot Trade Its Own Shares on Its Platform Under Current Rules

Mumbai, September 17, 2026 (Yes Punjab News)

Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Thursday said the National Stock Exchange (NSE) cannot currently trade its own shares on its platform, while clarifying that the regulator has not received any formal request from the exchange seeking such permission.

Speaking on the sidelines of the NaBFID Infrastructure Conclave 2026 in Mumbai, Pandey addressed speculation surrounding the possibility of NSE allowing trading in its own shares after its proposed initial public offering.

“Currently, NSE cannot be permitted to trade (PTT) on its own platform,” Pandey said, according to NDTV Profit.

He said it was too early to assess any proposal on the issue and confirmed that SEBI had received neither an application nor formal communication from NSE seeking approval for self-trading.

The clarification comes amid growing interest in NSE’s proposed IPO and discussions over whether the exchange could eventually facilitate trading of its own shares on its platform following its listing.

SEBI’s position is also consistent with remarks made earlier this month by BSE Managing Director and CEO Sundararaman Ramamurthy, who said NSE would not be able to self-list under the existing regulatory framework.

Ramamurthy had said BSE’s compliance team approached NSE seeking clarification following reports that the exchange might seek permission for self-trading and subsequently issue an addendum to its draft red herring prospectus (DRHP).

According to Ramamurthy, NSE told BSE that the reports were speculative and unfounded and confirmed that it would not issue an addendum to facilitate self-trading.

“NSE has confirmed no addendum will be issued for self-trading along with the offer document,” Ramamurthy had said.

He also pointed out that BSE had sought regulatory permission to trade its own shares on its platform in 2017 but did not receive approval.

The comments followed reports suggesting that NSE, after listing on BSE, could potentially seek to have its shares traded on its own exchange under the “permitted to trade” category.