Description

BSE imposes Rs 1,000 per instance charges on trading members for orders placed from unregistered or incorrectly registered terminal locations during December 2025.

Summary

BSE has issued charges for trading members who placed orders from unregistered or incorrectly registered TWS/ETI/BOLTPLUS terminal locations during December 2025. A financial disincentive of Rs 1,000 per instance will be debited to the General Charges Account. The charges file (LCS1225.xxxx) has been made available in the Equity Transaction Folder on Extranet.

Key Points

  • Rs 1,000 penalty charged per instance for orders placed from unregistered/incorrectly registered terminal locations
  • Charges applicable for December 2025 non-compliance
  • Charges file named LCS1225.xxxx available in Equity Transaction Folder on Extranet
  • Daily LCddmmyy.xxxx files contain information about incorrectly registered terminal locations
  • Amounts will be debited to trading members’ General Charges Account
  • Exchange provides daily files via Extranet identifying problematic terminal locations

Regulatory Changes

No new regulatory changes introduced. This circular enforces existing requirements established in previous notices (20070531-8, 20070828-28, 20131204-9, 20131213-26, 20180925-4, 20250924-54, and 20251010-20) regarding mandatory registration of all trading terminals.

Compliance Requirements

  • Trading members must ensure all TWS/ETI/BOLTPLUS terminals are registered with BSE before use
  • Terminal location details must be uploaded to the Exchange before placing orders from those locations
  • Members should review the daily LCddmmyy.xxxx files from Extranet to identify unregistered terminals
  • Members must verify and correct any terminal registration errors to avoid future penalties
  • Contact BSE Member Oversight team for queries at bse.inspection@bseindia.com or phone numbers 022-69158540, 022-45720640, 022-45720440

Important Dates

  • January 20, 2026: Circular issued and charges file made available
  • December 2025: Period during which non-compliance incidents occurred
  • Ongoing: Daily LCddmmyy.xxxx files downloaded to trading members via Extranet

Impact Assessment

Financial Impact: Trading members with non-compliant terminal registrations during December 2025 will face Rs 1,000 penalties per instance, which will be directly debited from their General Charges Account.

Operational Impact: Trading members need to implement strict internal controls to ensure all terminal locations are properly registered before use. This requires enhanced monitoring of terminal deployment and order placement activities.

Compliance Impact: This enforcement action reinforces BSE’s focus on terminal registration compliance and serves as a reminder for members to maintain accurate terminal location databases and registration processes.

Impact Justification

Affects trading members who failed to register terminal locations properly. Financial penalty of Rs 1,000 per instance for non-compliance during December 2025.