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
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