Description

BSE imposes financial disincentive of Rs.1,000 per order on trading members who failed to register or incorrectly registered TWS/ETI/BOLTPLUS terminal locations for February 2026. The disincentive file LCS0226.xxxx has been downloaded and charges will be debited after 60 days.

Summary

BSE has issued a financial disincentive notice for trading members who did not upload or incorrectly uploaded TWS/ETI/BOLTPLUS terminal location information for February 2026. The disincentive file (LCS0226.xxxx) has been placed in today’s Equity Transaction Folder on Extranet. Charges will be debited to the General Charges Account after 60 days from this notice date.

Key Points

  • Financial disincentive of Rs.1,000/- per order placed from unregistered or incorrectly registered terminal locations
  • Disincentive file for February 2026 is LCS0226.xxxx, available in Equity Transaction Folder on Extranet
  • Charges will be debited to General Charges Account after 60 days from March 10, 2026 (i.e., around May 9, 2026)
  • Daily location mismatch files are downloaded by the Exchange via Extranet as LCddmmyy.xxxx
  • Waiver/review process is available for affected members

Regulatory Changes

No new regulatory changes introduced. This notice enforces existing obligations 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 financial disincentive

Compliance Requirements

  • Trading members must ensure all TWS/ETI/BOLTPLUS terminals are registered with BSE before punching orders
  • Terminal location details must be uploaded to the Exchange prior to order placement from any location
  • Members seeking waiver must email Waiver-Review@bseindia.com with subject line: Waiver / review of Financial Disincentive_<TM Name>_<Clg No.>_LOCATION MISMATCH-FEB-2026
  • Waiver requests must comply with Exchange Notice No. 20251008-67 (October 8, 2025) for details on processing fees, time period, and email requirements

Important Dates

  • Notice Date: March 10, 2026
  • Period Covered: February 2026
  • Charge Debit Date: Approximately May 9, 2026 (60 days from notice date)
  • Disincentive File Available: March 10, 2026 (in Equity Transaction Folder on Extranet)

Impact Assessment

This notice affects trading members who placed orders from unregistered or incorrectly registered terminal locations during February 2026. The Rs.1,000 per-order penalty can accumulate significantly for high-frequency traders. Members have 60 days to seek a waiver before charges are debited. Contact details for queries: 022-69158540 / 022-45720640 / 022-45720440 or Enforcement@bseindia.com.

Impact Justification

Routine monthly compliance notice affecting trading members who failed to upload terminal location details; financial penalty is fixed at Rs.1,000 per unregistered/incorrectly registered terminal order, with a waiver process available.