Description

BSE has expelled Abbott Wealth Management Limited with immediate effect following MCX's expulsion action, in compliance with Ministry of Finance requirements.

Summary

BSE has expelled Abbott Wealth Management Limited (Membership No. 6820), a corporate Trading Member, with immediate effect. This action follows the expulsion of the same entity by MCX effective December 10, 2025, and is taken in compliance with Ministry of Finance Circular No. F. No. 1/26/SE/91 dated August 12, 1991. According to Exchange records, no Authorised Persons or Remisiers were affiliated with this Trading Member.

Key Points

  • Abbott Wealth Management Limited (Mem No. 6820) has been expelled from BSE
  • Action taken with immediate effect
  • Expulsion follows MCX’s expulsion of the same member effective December 10, 2025 (MCX Circular No. MCX/INSP/635/2025)
  • No Authorised Persons or Remisiers were affiliated with the Trading Member
  • Compliance with Ministry of Finance requirement per Circular No. F. No. 1/26/SE/91 dated August 12, 1991

Regulatory Changes

No new regulatory changes. This action implements existing regulatory framework requiring exchanges to take coordinated enforcement actions against trading members.

Compliance Requirements

Trading Members and Investors are advised to take note of the expulsion of Abbott Wealth Management Limited and should not conduct any business transactions with this entity through BSE.

Important Dates

  • December 10, 2025: MCX expulsion effective date
  • December 11, 2025: MCX circular issued (MCX/INSP/635/2025)
  • December 12, 2025: BSE expulsion notice issued (effective immediately)

Impact Assessment

The market impact is minimal as the expelled Trading Member had no affiliated Authorised Persons or Remisiers. This is a routine enforcement action demonstrating regulatory coordination between exchanges. Trading Members should note this expulsion for their records and avoid any future dealings with the expelled entity through BSE platforms.

Impact Justification

High severity enforcement action but low market impact as no Authorised Persons or Remisiers were affiliated with the expelled member