Notice No20210430-62Notice Date30 Apr 2021
CategoryComplianceSegmentGeneral
SubjectExtension in timelines - Penalty for not extending Interoperability facility to all Clients
Content

This is in continuation to Exchange Notice no. 20210302-19 dated March 2, 2021, Notice No. 20210318-11 dated Mar 18, 2021 and 20210325-58 dated March 25, 2021, regarding extending Interoperability facility to all clients.

On account of the ongoing pandemic across the country and lock-down like situation, imposition of higher penalty for not providing Interoperability facility to all clients, it has been decided to not to impose higher penalties till June 30, 2021 and the revised schedule for the penal action is given below   :

 

Sr. No

Non-compliance till month

Penalty per day

1.       

July 1 to July 31, 2021

Rs. 500/-

2.       

August 1, 2021 to August 31, 2021

Rs. 1000/-

3.       

September 1, 2021 to September 30, 2021

Rs. 2000/-

4.       

October 1, 2021 to October 31, 2021

Rs. 5000/-

5.       

November 1, 2021 to November 30, 2021

Rs. 10000/-

6.       

December 1, 2021 to December 31, 2021

Rs. 25000/-

7.       

January 1, 2022 to January 31, 2022

Rs. 50,000/-

8.       

February 1, 2022 to February 28, 2022

Rs. 1,00,000/-

 

Further, it may be noted that the token penalty of Re. 1 shall be applicable till June 30, 2021 for non-compliance of the aforementioned requirement.     

Further, if the trading member fails to comply with the interoperability requirement by February 28, 2022, the trading member shall not be permitted to take new clients till member complies with the requirement.  

All members are requested to take note of the same and ensure compliance. 

In case of any queries/clarifications, you may please email us at: bse.rbs@bseindia.com 

 

 For and on behalf of BSE Ltd.

 

 

 

Hiteshkumar Desai                                          Sandeep Sharma

Additional General Manager                          Senior Manager

Brokers’ Supervision                                       Brokers’ Supervision