Description

BSE has released the penalty report for client code modifications of non-institutional trades done during December 2025, available for download from the Extranet.

Summary

BSE has made available the penalty report for client code modifications of non-institutional trades executed during December 2025. The report (file-name PM1225.Clg) has been uploaded to the EQUITY TRANSACTION FOLDER on the BSE Extranet and is accessible to trading members. This penalty report is issued pursuant to Exchange Notices 20110729-24 (July 29, 2011) and 20110826-4 (August 26, 2011).

Key Points

  • Penalty report covers client code modifications for non-institutional trades in all segments during December 2025
  • Report file name: PM1225.Clg
  • Available in EQUITY TRANSACTION FOLDER on BSE Extranet
  • Members must save the file for future reference
  • Based on Exchange Notices dated July 29, 2011 and August 26, 2011

Regulatory Changes

No new regulatory changes introduced. This is a routine report as per existing framework established in 2011.

Compliance Requirements

  • Trading members must download the penalty report from BSE Extranet
  • Members are required to save the downloaded files for their future reference
  • Members should review penalties applicable to their operations
  • For queries or clarifications, contact BSE Trading Operations at:

Important Dates

  • Report Period: December 2025
  • Notice Date: January 13, 2026
  • Download Availability: January 13, 2026

Impact Assessment

Market Impact: Minimal. This is an administrative compliance notification affecting only trading members who made client code modifications during the reporting period.

Operational Impact: Low. Trading members need to download and review the penalty report to identify any penalties applicable to their operations. This is a routine monthly process for affected members.

Financial Impact: Limited to specific trading members who violated client code modification rules during December 2025. Penalties are assessed per existing regulations.

Impact Justification

Routine monthly penalty report download notification for trading members regarding client code modification violations from December 2025. Administrative compliance matter with no immediate market impact.