Description

BSE imposes charges of Rs 1,000 per instance for orders placed from unregistered or incorrectly registered trading terminals during December 2025.

Summary

BSE has issued charges for trading members who placed orders from unregistered or incorrectly registered TWS/ETI/BOLTPLUS terminals during December 2025. A penalty of Rs 1,000 per instance will be debited to the General Charges Account for non-compliance with terminal location registration requirements.

Key Points

  • Financial disincentive of Rs 1,000 per instance for orders from unregistered terminals
  • Charges file for December 2025 (filename: LCS1225.xxxx) downloaded to Equity Transaction Folder via Extranet
  • Daily location information files (LCddmmyy.xxxx) provided to trading members showing non-compliant terminals
  • Charges will be automatically debited to General Charges Account
  • Trading members must ensure terminal location details are uploaded before placing orders

Regulatory Changes

No new regulatory changes. This circular enforces existing requirements from previous notices dated May 31, 2007, August 28, 2007, December 4, 2013, December 13, 2013, September 25, 2018, September 24, 2025, and October 10, 2025.

Compliance Requirements

  • Trading members must register all TWS/ETI/BOLTPLUS terminals with BSE
  • Terminal location details must be uploaded to the Exchange before placing any orders
  • Members should review daily LCddmmyy.xxxx files from Extranet to identify non-compliant terminals
  • Ensure accurate registration information to avoid future penalties
  • Contact BSE Member Oversight department for queries at 022-69158540, 022-45720640, 022-45720440 or bse.inspection@bseindia.com

Important Dates

  • January 20, 2026: Charges file for December 2025 made available
  • December 2025: Period for which penalties are being assessed

Impact Assessment

This circular has limited market impact as it addresses administrative compliance by trading members. The financial penalties serve as enforcement for terminal registration requirements, ensuring proper tracking and audit trails for trading activity. Trading members with multiple unregistered terminals may face significant cumulative charges. The measure supports market integrity and surveillance capabilities by ensuring all trading terminals are properly documented.

Impact Justification

Administrative penalty for trading members who failed to register terminals; affects operational compliance but not market-wide trading activity