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NOTICES
Notice No.   20210211-24   Notice Date   11 Feb 2021
Category   Compliance   Segment   General
Subject   Penalty structure for Non closure of bank account named as “Stock Broker - Client Account” in excess of 30 by December 31, 2020
Attachments   Annexure A.docx ;
Content

 

This has reference to Exchange notices 20201106-46, 20201127-14 and 20201218-63 dated November 06, 2020, November 27, 2020 and December 18, 2020 respectively on Guidelines for maintaining client bank accounts by the Trading Members wherein trading members were advised to close the excess bank accounts named as “Name of Stock Broker - Client Account" by December 31, 2020

Exchange has formulated an indicative penalty structure for any non-compliance of the provisions of the aforementioned notice. The penalty structure is enclosed as Annexure A.

The structure is indicative in nature and the Relevant Authority of the Exchange may, on case to case basis and based on the gravity of the violation, deal with such non-compliances.

In case of any query, kindly email on bse.rbs@bseindia.com

All Members are advised to take note of the above and comply.

 

For and on behalf of BSE Ltd.  

  

Hiteshkumar Desai                                                Kiran Sawant

Additional General Manager                               Asst. General Manager

Broker Supervision                                                Broker Supervision