Description

BSE has released the penalty report for client code modifications of non-institutional trades for September 2025, available in the Extranet's Equity Transaction Folder.

Summary

BSE has released the penalty report for client code modifications of non-institutional trades conducted during September 2025. The report file (PM0925.Clg) has been made available in the Equity Transaction Folder on BSE’s Extranet platform. This penalty regime is governed by Exchange Notices dated July 29, 2011 (Notice No. 20110729-24) and August 26, 2011 (Notice No. 20110826-4).

Key Points

  • Penalty report for September 2025 client code modifications now available
  • File name: PM0925.Clg
  • Location: Equity Transaction Folder in BSE Extranet
  • Applies to all segments (Equity, Derivatives, Currency, etc.)
  • Members must save the file for future reference
  • Governed by Exchange Notices from July and August 2011

Regulatory Changes

No new regulatory changes. This circular is a routine notification regarding the availability of the monthly penalty report under existing regulations established in 2011.

Compliance Requirements

  • Trading members must download the penalty report from the Extranet
  • Members are required to save the file (PM0925.Clg) for future reference
  • Members subject to penalties should review the report and take necessary action
  • For queries or clarifications, members should contact BSE Trading Operations at:

Important Dates

  • Notice Date: October 10, 2025
  • Reporting Period: September 2025
  • File Download Date: October 10, 2025

Impact Assessment

Market Impact: Minimal. This is a routine administrative notification affecting only those trading members who modified client codes for non-institutional trades during September 2025.

Operational Impact: Low. Members need to download and review the penalty report to identify any penalties levied on their trading activities. This is a standard monthly compliance activity.

Financial Impact: Limited to specific members who incurred penalties for client code modifications during the reporting period. The circular itself does not introduce new penalties or changes to existing penalty structures.

Impact Justification

Routine monthly penalty report download notification for trading members. Administrative in nature with no market-wide impact or regulatory changes. Affects only members who modified client codes during September 2025.