The Bombay Stock Exchange (BSE) on August 24, 2023, issued a notification regarding the Nomination for Eligible Trading and Demat Accounts.
The Trading Members are required to encourage their clients to update ‘choice of nomination’ by sending a communication on a fortnightly basis by way of emails and SMS to all such UCCs / Demat accounts wherein the ‘choice of nomination’ is not captured. The communication shall provide guidance through which the client can provide his/her ‘choice of nomination’.
The Trading Members are requested to ensure that the choice of Nomination is updated for all their clients and the same has been updated in the UCC database of the Exchange on or before September 30, 2023, failing which such UCCs shall neither be Permitted to Trade on the Exchange nor will they be able to square up their open positions, if any.
[Notice No. 20230824-61]
