Description

BSE imposes financial charges on trading members who failed to upload or incorrectly registered terminal location information for October 2025, November 2025, and January 2026.

Summary

BSE has levied financial charges against trading members who failed to upload or incorrectly registered TWS/ETI/BOLTPLUS terminal location information for the months of October 2025, November 2025, and January 2026. Monthly charges files have been made available in the Equity Transaction Folder, and the indicated amounts will be debited to members’ General Charges Account.

Key Points

  • Financial disincentives imposed for unregistered or incorrectly registered terminal locations
  • Daily files (LCddmmyy.xxxx / UNLCx_xx_mmddyyyy.xxxx) were downloaded through Extranet highlighting non-compliant terminals
  • Monthly charges files (LCSmmyy.xxxx) for October 2025, November 2025, and January 2026 now available
  • Charges will be automatically debited to members’ General Charges Account
  • Mandatory terminal registration has been required since 2007

Regulatory Changes

No new regulatory changes. This notice enforces existing compliance requirements established through previous notices dating back to 2007 (Notice nos. 20070531-8, 20070828-28, 20131204-9, 20131213-26, 20180925-4, 20250924-54, and 20251010-20).

Compliance Requirements

  • Trading members must register all TWS/ETI/BOLTPLUS terminals with the Exchange
  • Accurate terminal location details must be uploaded prior to placing any orders
  • Terminal location information must be kept current and accurate
  • Members should review daily files to identify any non-compliant terminals
  • Payment of imposed charges through General Charges Account

Important Dates

  • October 2025: Monitoring period for terminal location compliance
  • November 2025: Monitoring period for terminal location compliance
  • January 2026: Monitoring period for terminal location compliance
  • February 10, 2026: Notice date; charges files made available in Equity Transaction Folder

Impact Assessment

Impact on Trading Members: Members with unregistered or incorrectly registered terminals face financial penalties. This may affect operational costs for non-compliant members but encourages better compliance infrastructure.

Market Impact: Minimal direct market impact. The measure strengthens market surveillance and ensures proper tracking of order origins, contributing to market integrity and transparency.

Operational Impact: Trading members need to ensure robust processes for terminal registration and location updates to avoid recurring penalties. Contact available via email (Bse.inspection@bseindia.com) and phone (022-69158540, 022-45720640, 022-45720440) for queries.

Impact Justification

Affects trading members who failed compliance requirements; financial penalties imposed but limited to non-compliant members only