Description

BSE has expelled Abbott Wealth Management Limited (Member No. 6820) as a corporate Trading Member with immediate effect, following similar action by MCX 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 entity 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 Circular No. F. No. 1/26/SE/91 dated August 12, 1991, issued by the Ministry of Finance (Department of Economic Affairs), Government of India.

Key Points

  • Abbott Wealth Management Limited (Member No. 6820) expelled from BSE effective immediately
  • Expulsion follows similar action by MCX on December 10, 2025
  • Action taken in compliance with Ministry of Finance circular dated August 12, 1991
  • No Authorised Persons or Remisiers are affiliated with the expelled Trading Member
  • Trading Members and Investors advised to take note of the expulsion

Regulatory Changes

No new regulatory changes introduced. This circular implements existing regulatory framework requiring exchanges to take coordinated action when a trading member is expelled by one exchange.

Compliance Requirements

  • Trading Members must note the expulsion of Abbott Wealth Management Limited
  • Investors should be aware that Abbott Wealth Management Limited is no longer authorized to trade on BSE
  • No specific compliance actions required as no affiliated persons or remisiers are impacted

Important Dates

  • December 10, 2025: MCX expelled Abbott Wealth Management Limited
  • December 11, 2025: MCX issued Circular No. MCX/INSP/635/2025
  • December 12, 2025: BSE expelled Abbott Wealth Management Limited with immediate effect

Impact Assessment

Market Impact: Low - As per BSE records, no Authorised Persons or Remisiers are affiliated with Abbott Wealth Management Limited, suggesting limited active business and minimal disruption to market participants.

Operational Impact: Minimal - No downstream affiliates need to transfer accounts or find alternative trading arrangements.

Regulatory Significance: This expulsion demonstrates the coordinated regulatory approach across exchanges in India, where disciplinary action by one exchange triggers corresponding action by others as mandated by the Ministry of Finance guidelines from 1991.

Impact Justification

High severity regulatory action (expulsion) but low market impact as no affiliated Authorised Persons or Remisiers are affected. Medium importance for compliance awareness among trading community.