Description

BSE announces availability of penalty report for client code modifications of non-institutional trades done during September 2025, downloadable from the Equity Transaction folder in Extranet.

Summary

BSE has made available the penalty report for client code modifications of non-institutional trades executed during September 2025. The report, named PM0925.Clg, has been uploaded to the Equity Transaction folder in BSE Extranet. This penalty reporting mechanism is based on Exchange notices from 2011 and is a routine monthly process for tracking and penalizing improper client code modifications.

Key Points

  • Penalty report file name: PM0925.Clg
  • Report period: September 2025
  • Available in: Equity Transaction folder on BSE Extranet
  • Applicable to: All segments (Equity, Derivatives, Currency, Debt)
  • Trading members must save the file for future reference
  • Governs modifications of client codes for non-institutional trades only

Regulatory Changes

No new regulatory changes. This circular is a routine implementation of existing rules established under:

  • Exchange Notice No. 20110729-24 dated July 29, 2011
  • Exchange Notice No. 20110826-4 dated August 26, 2011

Compliance Requirements

  • Trading members must download the penalty report from BSE Extranet
  • Members should save the PM0925.Clg file for their records and future reference
  • Members who modified client codes for non-institutional trades during September 2025 should review applicable penalties
  • For queries or clarifications, members should contact BSE Trading Operations at 022-2272 8435 or 022-2272 5785, or email bse.reports@bseindia.com

Important Dates

  • Report Period: September 2025
  • Download Date: October 10, 2025
  • Notice Date: October 10, 2025

Impact Assessment

Market Impact: Minimal. This is a routine administrative circular with no direct market impact.

Operational Impact: Limited to trading members who modified client codes during September 2025. Members need to download and review the penalty report and take necessary action if penalties have been assessed.

Financial Impact: Potential penalties for affected members who made improper client code modifications during the reporting period. The specific penalty amounts are detailed in the downloadable report.

Member Action Required: Trading members should access BSE Extranet, download the PM0925.Clg file from the Equity Transaction folder, and verify if any penalties apply to their firm.

Impact Justification

Routine monthly administrative circular for penalty report download. Affects only trading members who modified client codes during September 2025. No market-wide impact or regulatory changes.