Description

BSE announces Annual Maintenance Charges of Rs 4,000 per Authorised Person for all registered APs as on March 31, 2026, applicable from April 1, 2026.

Summary

BSE has issued a reminder regarding Annual Maintenance Charges (AMC) for Authorised Persons (APs) for the Financial Year 2026-27. As per the original notice dated July 27, 2023 (notice no. 20230727-31), trading members will be charged Rs 4,000 per Authorised Person registered as on March 31, 2026. The charges will be effective from April 1, 2026, and once levied, will not be refunded even if AP registration is cancelled during the year.

Key Points

  • Annual Maintenance Charges of Rs 4,000 per Authorised Person
  • Applicable to all registered APs as on March 31, 2026
  • Charges are irrespective of the number of segments in which APs are registered
  • Effective date: April 1, 2026
  • AMC is non-refundable once charged, even if AP registration is cancelled during the year
  • Cancellations due to disciplinary action also do not qualify for refunds
  • Original framework introduced vide notice no. 20230727-31 dated July 27, 2023

Regulatory Changes

No new regulatory changes. This circular is a reminder of the existing Annual Maintenance Charges framework introduced in July 2023.

Compliance Requirements

  • Trading members must ensure payment of AMC of Rs 4,000 per registered Authorised Person
  • Members should review their AP registrations as on March 31, 2026
  • Members need to be aware that AMC is non-refundable once charged
  • For clarifications, members should contact Mr. Umesh Anchan at 022 2272 8397 or membership.ops@bseindia.com

Important Dates

  • March 31, 2026: Cut-off date for counting registered Authorised Persons
  • April 1, 2026: Effective date for AMC charges for Financial Year 2026-27

Impact Assessment

Operational Impact: Low - This is a routine annual administrative charge with no changes to trading operations or market mechanisms.

Financial Impact: Limited to trading members with registered Authorised Persons. The charge of Rs 4,000 per AP is a predictable cost for the financial year.

Market Impact: None - This is an internal membership fee structure with no direct impact on trading activities or market participants beyond trading members.

Impact Justification

Routine annual administrative charge notification for trading members with registered Authorised Persons. No market impact or trading rule changes.