Description
KRChoksey Shares & Securities Pvt. Ltd. (Member No. 385) will cease operations in the Currency Derivative segment of BSE with effect from February 23, 2026, due to voluntary closure of business.
Summary
BSE has notified all trading members that KRChoksey Shares & Securities Pvt. Ltd. (Member No. 385) will voluntarily cease its business operations in the Currency Derivative segment of the Exchange, effective Monday, February 23, 2026.
Key Points
- KRChoksey Shares & Securities Pvt. Ltd. (Member No. 385) is voluntarily closing its business in the Currency Derivative segment.
- The cessation of business is effective from Monday, February 23, 2026.
- The closure is voluntary and limited to the Currency Derivative segment.
- Trading members requiring clarification may contact BSE Membership Department at membership.ops@bseindia.com.
Regulatory Changes
No regulatory changes are introduced by this circular. It is an administrative notification informing trading members of a member’s voluntary exit from the Currency Derivative segment.
Compliance Requirements
- Other trading members and counterparties dealing with KRChoksey Shares & Securities Pvt. Ltd. in the Currency Derivative segment should take note of the effective closure date.
- Any pending transactions or open positions with the member should be resolved prior to February 23, 2026.
Important Dates
- February 23, 2026: Effective date of voluntary closure of KRChoksey Shares & Securities Pvt. Ltd. in the Currency Derivative segment.
Impact Assessment
The impact of this circular is limited to counterparties and clients of KRChoksey Shares & Securities Pvt. Ltd. in the Currency Derivative segment. There is no broader market disruption anticipated. Clients of the firm will need to make alternate arrangements for their currency derivatives trading after February 23, 2026.
Impact Justification
Affects only one trading member exiting the currency derivatives segment; no broader market or regulatory impact expected.