Description

BSE imposes financial disincentive of ₹1,000 per instance on trading members who failed to upload TWS/ETI/BOLTPLUS terminal location information for March 2026. The LCS file has been downloaded and charges will be debited after 60 days.

Summary

BSE has issued a financial disincentive notice for trading members who failed to upload TWS/ETI/BOLTPLUS terminal location information for the month of March 2026. A penalty of ₹1,000 per instance is levied for orders placed from unregistered or incorrectly registered terminal locations. The Financial Disincentive file (LCS0226.xxxx) has been made available in the Equity Transaction Folder on Extranet and the charges will be debited to the General Charges Account after 60 days from the date of this notice.

Key Points

  • Financial disincentive of ₹1,000 per instance for orders placed from unregistered or incorrectly registered TWS/ETI/BOLTPLUS terminal locations
  • The LCS file for March 2026 is named LCS0226.xxxx and has been uploaded to the Equity Transaction Folder in Extranet
  • Charges will be debited to the General Charges Account upon completion of 60 days from the date of this notice (April 10, 2026)
  • Daily files (LCddmmyy.xxxx) are downloaded through Extranet with location information for unregistered or incorrectly registered terminals
  • Members may seek waiver or review of the financial disincentive by following the process in Notice No. 20251008-67 dated October 08, 2025
  • Waiver requests must be emailed to Waiver-Review@bseindia.com with subject line: “Waiver / review of Financial Disincentive___LOCATION MISMATCH-MAR-2026”

Regulatory Changes

No new regulatory changes introduced. This notice enforces existing requirements established under prior Exchange Notices:

  • Notice No. 20070531-8 (May 31, 2007)
  • Notice No. 20070828-28 (August 28, 2007)
  • Notice No. 20131204-9 (December 4, 2013)
  • Notice No. 20131213-26 (December 13, 2013)
  • Notice No. 20180925-4 (September 25, 2018)
  • Notice No. 20250924-54 (September 24, 2025)
  • Notice No. 20251223-22 (December 23, 2025)
  • Notice No. 20251010-20 (October 10, 2025) — governing action for non-upload of TWS/ETI/BOLTPLUS details

Compliance Requirements

  • Trading members must ensure all TWS/ETI/BOLTPLUS terminals are registered with the Exchange before placing orders from those locations
  • Members must upload terminal location details to the Exchange prior to punching orders from any location
  • Members seeking waiver must submit requests to Waiver-Review@bseindia.com within the timeframe specified in Notice No. 20251008-67, including the required processing fees
  • Strict adherence to the location registration process as outlined in prior Exchange notices is mandatory

Important Dates

  • April 10, 2026: Date of this notice; LCS file (LCS0226.xxxx) made available in Extranet
  • June 9, 2026 (approx.): Financial disincentive charges to be debited to General Charges Account (60 days from April 10, 2026)
  • March 2026: Reference period for which terminal location non-compliance has been assessed

Impact Assessment

This notice impacts trading members who placed orders from TWS/ETI/BOLTPLUS terminals that were not registered or were incorrectly registered with BSE during March 2026. Affected members will face monetary charges of ₹1,000 per instance debited to their General Charges Account approximately 60 days from the notice date. The broader market impact is limited; this is an operational compliance matter specific to non-compliant trading members. Members can mitigate financial exposure by applying for a waiver through the prescribed process. For queries, members may contact BSE Enforcement at 022-69158540, 022-45720640, or 022-45720440, or email Enforcement@bseindia.com.

Impact Justification

Routine monthly compliance notice affecting trading members who failed to register terminal locations; financial penalty is moderate at ₹1,000 per instance but applies broadly to non-compliant members.