Description

BSE imposes financial disincentive of Rs.1,000 per unregistered/incorrectly registered terminal location for February 2026, debitable after 60 days. Trading members advised to upload TWS/ETI/BOLTPLUS terminal location details before placing orders.

Summary

BSE has released the Financial Disincentive file for February 2026 (filename LCS0226.xxxx) for trading members who failed to upload or incorrectly registered TWS/ETI/BOLTPLUS terminal location details. A charge of Rs.1,000 per non-compliant terminal location will be debited to the General Charges Account upon completion of 60 days from the date of this notice (March 10, 2026).

Key Points

  • Financial Disincentive file for February 2026 (LCS0226.xxxx) has been made available in the Equity Transaction Folder on Extranet
  • Rs.1,000 charge applies per unregistered or incorrectly registered terminal location from which orders were placed
  • Charges will be debited to the General Charges Account after 60 days from March 10, 2026 (i.e., around May 9, 2026)
  • Members can apply for waiver/review of the financial disincentive
  • Waiver requests must be sent to Waiver-Review@bseindia.com with subject line: “Waiver / review of Financial Disincentive___LOCATION MISMATCH-FEB-2026”

Regulatory Changes

No new regulatory changes introduced. This notice enforces existing directives under:

  • Exchange Notice No. 20070531-8 (May 31, 2007)
  • Exchange Notice No. 20070828-28 (August 28, 2007)
  • Exchange Notice No. 20131204-9 (December 4, 2013)
  • Exchange Notice No. 20131213-26 (December 13, 2013)
  • Exchange Notice No. 20180925-4 (September 25, 2018)
  • Exchange Notice No. 20250924-54 (September 24, 2025)
  • Exchange Notice No. 20251010-20 (October 10, 2025) — defines the Rs.1,000 disincentive
  • Exchange Notice No. 20251008-67 (October 8, 2025) — waiver/review process details

Compliance Requirements

  • Trading members must ensure all TWS/ETI/BOLTPLUS terminals are registered with BSE before placing orders from those locations
  • Members must upload correct terminal location details to the Exchange proactively
  • Members seeking waiver must contact Waiver-Review@bseindia.com with required details including TM Name, Clearing Number, and reference to LOCATION MISMATCH-FEB-2026
  • Processing fees apply for waiver requests (refer Exchange Notice No. 20251008-67)
  • For queries, contact BSE Enforcement at 022-69158540, 022-45720640, 022-45720440 or Enforcement@bseindia.com

Important Dates

  • March 10, 2026: Notice date; LCS0226.xxxx file available on Extranet
  • ~May 9, 2026: Deadline before which charges are debited (60 days from notice date)
  • Members should submit waiver requests well before the 60-day debit deadline

Impact Assessment

This notice has a targeted impact on trading members who placed orders from unregistered or incorrectly registered terminal locations during February 2026. The Rs.1,000 per-location penalty is relatively modest but can accumulate for members with multiple non-compliant terminals. Members have a 60-day window to seek waivers before charges are automatically debited. The circular reinforces BSE’s ongoing enforcement of terminal registration compliance to maintain audit trails for order origination.

Impact Justification

Routine monthly compliance notice affecting trading members who failed to register terminal locations; financial penalty is modest at Rs.1,000 per location but requires prompt action within 60 days to avoid debit or seek waiver.