SEBI has issued circular No. CIR/HO/MIRSD/DOP/CIR/P/2019/88 dated August 1, 2019, on the subject “Rationalization of imposition of fines for false/incorrect reporting of margins or non-reporting of margins by Trading Member/Clearing Member in all segments”. The copy of the said SEBI circular is enclosed as Annexure-1 for your reference.
A detailed notice giving a standard framework for imposition of fines for false/incorrect reporting of margins or non-reporting of margins by Trading Member/Clearing Member in all segments will be issued by the Exchange in due course.
All Stock Brokers are requested to take note of the contents of the aforesaid SEBI circular.
For and On behalf of BSE Ltd.
Gopalkrishnan Iyer
Chief Gen. Manager
(Member Compliance, Investor Services and Broker Supervision)
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