Description

BSE announces immediate expulsion of Abbott Wealth Management Limited (Member No. 6820) following MCX expulsion, effective December 10, 2025.

Summary

BSE has expelled Abbott Wealth Management Limited (Member 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 in compliance with Ministry of Finance Circular No. F. No. 1/26/SE/91 dated August 12, 1991. According to exchange records, no Authorized Persons or Remisiers were affiliated with this trading member.

Key Points

  • Abbott Wealth Management Limited (Member No. 6820) expelled from BSE with immediate effect
  • Action taken pursuant to MCX expulsion vide Circular No. MCX/INSP/635/2025 dated December 11, 2025
  • MCX expulsion was effective December 10, 2025
  • Compliance action under Ministry of Finance Circular dated August 12, 1991
  • No Authorized Persons or Remisiers affiliated with the expelled member
  • Trading members and investors advised to take note

Regulatory Changes

No new regulatory changes introduced. This circular implements existing regulatory framework requiring BSE to expel trading members who have been expelled by other recognized exchanges, as per the 1991 Ministry of Finance directive.

Compliance Requirements

  • Trading members must note the expulsion of Abbott Wealth Management Limited
  • Investors should be aware of the expelled member status
  • No direct compliance actions required from other market participants

Important Dates

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

Impact Assessment

The market impact is minimal as Abbott Wealth Management Limited had no affiliated Authorized Persons or Remisiers at the time of expulsion. This is a disciplinary action affecting a single trading member and does not impact broader market operations or trading activities. The expulsion serves as a regulatory enforcement measure to maintain market integrity across exchanges.

Impact Justification

High severity due to expulsion of trading member but low market impact as no affiliated persons/remisiers were associated with the member