Description

BSE imposes Rs 100 per day per terminal charges for trading from unregistered or incorrectly registered terminal locations during August 2025.

Summary

BSE has imposed charges of Rs 100 per day per terminal for orders placed from IML/BOLT TWS/BOLT PLUS terminals that were not properly registered or incorrectly registered during August 2025. The charges file (LCS0825.xxxx) has been made available in the Equity Transaction Folder on Extranet and will be debited to trading members’ General Charges Account.

Key Points

  • Charges of Rs 100 per day per terminal for unregistered/incorrectly registered terminals
  • Charges apply to orders placed from non-compliant terminal locations during August 2025
  • Charges file downloaded as LCS0825.xxxx in Extranet Equity Transaction Folder
  • Daily location compliance files (LCddmmyy.xxxx) provided to trading members via Extranet
  • Amounts will be debited to General Charges Account

Regulatory Changes

No new regulatory changes introduced. This circular enforces existing requirements from previous notices dating back to 2007 regarding terminal location registration compliance.

Compliance Requirements

  • Trading members must register all IML/BOLT TWS/BOLT PLUS terminals with BSE before placing orders
  • Terminal location details must be uploaded to the Exchange prior to order execution
  • Members must review daily compliance files (LCddmmyy.xxxx) to identify non-compliant terminals
  • Strict adherence to terminal registration requirements to avoid penalties

Important Dates

  • August 2025: Period for which charges are being levied
  • September 10, 2025: Charges file made available on Extranet
  • Ongoing: Daily compliance monitoring and file distribution

Impact Assessment

Medium financial impact on trading members who failed to maintain proper terminal registration during August 2025. The penalty structure incentivizes compliance with terminal location requirements and ensures accurate tracking of trading activities. Members should implement robust terminal management processes to avoid future penalties.

Impact Justification

Operational compliance requirement affecting trading members with financial penalties for non-compliance