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| NOTICES |
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| Notice No. |
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20230320-72 |
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Notice Date |
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20 Mar 2023 |
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| Category |
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Compliance |
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Segment |
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General |
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| Subject |
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Penalty Structure for Non-display of Brokerage, Statutory & Regulatory Levies to the investors |
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| Content |
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This is with reference to Exchange Notice No. 20221003-60 dated October 03, 2022, 20221208-1 dated December 08, 2022 and 20221228-56 dated December 28, 2022 on "Display of Brokerage, Statutory & Regulatory Levies".
In this regard, BSE in consultation with SEBI and other Exchanges has prescribed the penalty structure for any non-compliance of the provisions of the Exchange circulars mentioned above. The penalty structure is enclosed at Annexure A which is applicable w.e.f. March 31, 2023.
All Members are advised to take note of the above and comply.
For and on behalf of BSE Ltd.
Richa Ghosh Josephine Baretto
Assistant General Manager Manager
Brokers’ Supervision Brokers’ Supervision
Annexure A
| Details of contravention |
Penalty/Disciplinary Action |
| Non-display of Brokerage, Statutory & Regulatory Levies on Internet Based Trading (IBT) / Wireless Trading (WT) applications |
Monetary penalty of Rs. 50,000/- + Direction to comply with the requirement of displaying the Brokerage, Statutory & Regulatory Levies within 7 days from the date of communication.
In case of non-submission of compliance within 7 days of such direction, new client registration to be prohibited and notice of 7 days for disablement of trading facility till submission of compliance report.
In case of non-submission of compliance report within 7 days of the date of the notice, the Trading Member shall be disabled in all segments till submission of compliance report.
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