BSE issues Market Access through Authorised Persons (System Live)

Nov 25, 2021 | by TeamLease RegTech Legal Research Team

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Commercial Compliance

The Bombay Stock Exchange (BSE) on November 24, 2021 issued notification 20211124-3 which specify “Market Access through Authorised Persons (System Live)” to exchange circular 20191018-4 and 20211021-38 which specify “exercise of adequate control and due diligence over the activities & transactions of their Authorised Persons (APs)” 

An online portal for reporting of the inspections/supervision undertaken by the Members has been setup at  https://befs.bseindia.com/login.aspx .

The reporting shall be done in the following manner namely: -

• Inspections undertaken during a particular quarter shall be reported within one month from end of the said quarter.

• In case no inspection is undertaken during a particular quarter, Members will have to submit a “Nil” declaration for the said quarter.

• In the first phase Members are required to report details of all inspections undertaken during FY 2020-21 and for quarter-1 & 2 of FY 2021-22 latest by December 15, 2021.

• Incidence, involving assured returns or any unauthorised schemes operated by the AP needs to be mandatorily reported to the Exchange, within 2 working days.

[Notice No. 20211124-3]

 


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