Description
NSE approves total surrender of memberships for Bank of America N.A. and Bondconnect Securities Private Limited effective September 16, 2025.
Summary
The National Stock Exchange of India has approved the total surrender of memberships for two trading members: Bank of America N.A. (SEBI registration number INZ000284441) and Bondconnect Securities Private Limited (SEBI registration number INZ000313133). Both approvals were granted on September 16, 2025.
Key Points
- Bank of America N.A. surrendered its NSE trading membership with last trade date of December 23, 2024
- Bondconnect Securities Private Limited surrendered its membership with no trading activity (last trade date marked as NA)
- Both membership surrenders were approved on September 16, 2025
- All NSE members have been notified to take note of these changes
Regulatory Changes
No regulatory changes. This is an administrative update regarding membership status changes.
Compliance Requirements
All NSE members are requested to take note of the membership surrenders. No specific compliance actions are required from other members.
Important Dates
- December 23, 2024: Last trade date for Bank of America N.A.
- September 16, 2025: Approval date for both membership surrenders
- October 8, 2025: Circular issuance date
Impact Assessment
This circular has minimal market impact as it represents routine administrative updates regarding membership surrenders. Bank of America N.A. had already ceased trading operations in December 2024, and Bondconnect Securities Private Limited had no trading activity. The surrender of these memberships does not affect market operations or other trading members’ activities.
Impact Justification
Administrative notification regarding membership surrender by two entities with no broader market impact