Description

BSE has expelled Abbott Wealth Management Limited (Member No. 6820) from trading with immediate effect following MCX's expulsion of the same member on December 10, 2025.

Summary

BSE has expelled Abbott Wealth Management Limited (Member No. 6820), a corporate trading member, with immediate effect on December 12, 2025. This action follows the expulsion of the same member by MCX effective December 10, 2025, as per MCX Circular No. MCX/INSP/635/2025 dated December 11, 2025. The expulsion is in compliance with Ministry of Finance Circular No. F. No. 1/26/SE/91 dated August 12, 1991.

Key Points

  • Abbott Wealth Management Limited (Member No. 6820) has been expelled from BSE trading membership
  • Expulsion is effective immediately from December 12, 2025
  • Action follows MCX’s expulsion of the same member effective December 10, 2025
  • No Authorized Persons or Remisiers are affiliated with the expelled trading member
  • Compliance action taken under Ministry of Finance guidelines from August 12, 1991

Regulatory Changes

No new regulatory changes introduced. This is an enforcement action under existing regulatory framework established by Ministry of Finance Circular F. No. 1/26/SE/91 dated August 12, 1991.

Compliance Requirements

  • Trading members must take note of the expulsion of Abbott Wealth Management Limited
  • Investors are advised to be aware of this expulsion
  • No specific action required from other members as the expelled member had no affiliated persons

Important Dates

  • December 10, 2025: MCX expulsion of Abbott Wealth Management Limited effective date
  • December 11, 2025: MCX circular date (MCX/INSP/635/2025)
  • December 12, 2025: BSE expulsion effective date (immediate effect)
  • December 12, 2025: BSE circular notice date (Notice No. 20251212-3)

Impact Assessment

The market impact of this expulsion is minimal as Abbott Wealth Management Limited had no Authorized Persons or Remisiers affiliated with it according to exchange records. The action demonstrates regulatory coordination between exchanges (MCX and BSE) in enforcing disciplinary measures. Trading members and investors should note this expulsion but no operational disruptions are expected given the member’s lack of affiliated entities.

Impact Justification

High severity due to member expulsion, but low market impact as no authorized persons or remisiers were affiliated with the expelled trading member