Description

BSE has released the penalty report for client code modifications of non-institutional trades during September 2025, available in the Extranet equity transaction folder.

Summary

BSE has made available the penalty report for client code modifications of non-institutional trades conducted during September 2025. The report, named PM0925.Clg, has been uploaded to the Extranet equity transaction folder and is accessible to trading members.

Key Points

  • Penalty report covers client code modifications for non-institutional trades across all segments
  • Report period: September 2025
  • File name: PM0925.Clg
  • Location: Extranet equity transaction folder
  • Members must save the file for future reference
  • Based on Exchange Notice Nos. 20110729-24 (July 29, 2011) and 20110826-4 (August 26, 2011)

Regulatory Changes

No new regulatory changes. This circular implements existing penalty framework established in 2011 notices.

Compliance Requirements

  • Trading members are required to download and save the penalty report PM0925.Clg
  • Members should review penalties applied for any client code modifications made during September 2025
  • Members should maintain the report for future reference and audit purposes

Important Dates

  • Report Period: September 2025
  • Release Date: October 10, 2025

Impact Assessment

Market Impact: Minimal - routine administrative process

Operational Impact: Low - affects only trading members who modified client codes for non-institutional trades during September 2025. Members need to download and review the report to understand any penalties assessed.

Contact Information:

Issued By: Ketan Jantre (Head - Trading Operations) and Sanjay Pardiwala (Deputy Vice President - Trading Operations)

Impact Justification

Routine monthly administrative circular regarding penalty report availability for client code modifications; affects only trading members who modified client codes in September 2025