The Bombay Stock Exchange (BSE) on November 29, 2023, issued a notification regarding the modification of Client Codes (All Segments) – Update and Revised penalty structure.
The following has been stated: -
•With an objective to reduce order entry mistakes and to discourage client code modifications, a levy of penalty in all cases of client code modification was considered, and accordingly, a revised penalty structure has been implemented.
•The framework for Client Code Modification monitoring and penalty is given in the document attached below.
The provisions of the notice shall be effective from February 01, 2024.
The detailed notification is given in the document attached below.
[Notification No. 20231129-47]
