Description

BSE imposes charges of Rs 100 per day per terminal for trading members who failed to upload IML/BOLT TWS/BOLT PLUS location information for September 2025.

Summary

BSE has issued charges for trading members who failed to upload IML/BOLT TWS/BOLT PLUS terminal location information for September 2025. Trading members who placed orders from unregistered or incorrectly registered terminal locations will be charged Rs 100 per day per terminal. The charges file (LCS0925.xxxx) has been made available in the Equity Transaction Folder on Extranet and will be debited to members’ General Charges Account.

Key Points

  • Penalty of Rs 100 per day per terminal for orders placed from unregistered or incorrectly registered locations during September 2025
  • Charges file LCS0925.xxxx available in Equity Transaction Folder on Extranet
  • Charges will be debited to General Charges Account
  • Daily location compliance file (LCddmmyy.xxxx) downloaded to trading members via Extranet showing non-compliant terminals
  • All IML/BOLT TWS/BOLT PLUS terminals must be registered with the Exchange before placing orders

Regulatory Changes

No new regulatory changes. This notice enforces existing requirements established through previous notices dating back to 2007:

  • Notice 20070531-8 (May 31, 2007)
  • Notice 20070828-28 (August 28, 2007)
  • Notice 20131204-9 (December 4, 2013)
  • Notice 20131213-26 (December 13, 2013)
  • Notice 20180925-4 (September 25, 2018)
  • Notice 20070517-22 (May 17, 2007) regarding charges for non-compliance

Compliance Requirements

  • Trading Members must: Upload IML/BOLT TWS/BOLT PLUS terminal location details to the Exchange before punching orders from any location
  • Trading Members must: Monitor daily compliance files (LCddmmyy.xxxx) downloaded via Extranet to identify non-compliant terminals
  • Trading Members must: Ensure all terminals are correctly registered to avoid daily penalties
  • Trading Members must: Pay charges debited to General Charges Account for September 2025 non-compliance

Important Dates

  • October 10, 2025: Notice date and charges file publication date
  • September 2025: Month for which non-compliance charges are being levied
  • Daily: Exchange downloads location compliance files (LCddmmyy.xxxx) to trading members via Extranet

Impact Assessment

Operational Impact: Trading members who failed to properly register terminal locations during September 2025 will incur financial penalties. This is a routine monthly enforcement action.

Financial Impact: Rs 100 per day per non-compliant terminal for the month of September 2025. The total impact varies by trading member based on number of unregistered terminals and days of non-compliance.

Market Impact: Minimal market-wide impact. This is an administrative compliance matter affecting individual trading members’ operations and costs. Encourages proper terminal registration practices.

Contact Information: Trading members with queries may contact BSE at:

Impact Justification

Routine monthly compliance enforcement notice affecting trading members who failed to register terminal locations. Financial penalty of Rs 100/day per terminal for non-compliance during September 2025.