Established in 1875, BSE (formerly known as Bombay Stock Exchange
Ltd.), is Asia's first & the Fastest Stock Exchange in world with the speed
of 6 micro seconds and one of India's leading exchange groups. Over the past
141 years, BSE has facilitated the growth of the Indian corporate sector by
providing it an efficient capital-raising platform. Popularly known as BSE,
the bourse was established as "The Native Share & Stock Brokers' Association"
in 1875. Today BSE provides an efficient and transparent market for trading
in equity, currencies, debt instruments, derivatives, mutual funds. It also
has a platform for trading in equities of small-and-medium enterprises (SME).
India INX, India's 1st international exchange, located at GIFT CITY IFSC in
Ahmedabad is a fully owned subsidiary of BSE. BSE is also the 1st listed stock
exchange of India.
BSE provides a host of other services to capital market participants including
risk management, clearing, settlement, market data services and education. It
has a global reach with customers around the world and a nation-wide presence.
BSE systems and processes are designed to safeguard market integrity, drive
the growth of the Indian capital market and stimulate innovation and competition
across all market segments. BSE is the first exchange in India and second in
the world to obtain an ISO 9001:2000 certification. It is also the first Exchange
in the country and second in the world to receive Information Security Management
System Standard BS 7799-2-2002 certification for its On-Line trading System
(BOLT). It operates one of the most respected capital market educational institutes
in the country (the BSE Institute Ltd.). BSE also provides depository services
through its Central Depository Services Ltd. (CDSL) arm.
BSE's popular equity index - the S&P BSE SENSEX - is India's most widely tracked
stock market benchmark index. It is traded internationally on the EUREX as well
as leading exchanges of the BRCS nations (Brazil, Russia, China and South Africa).
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the
claims of investors against defaulter Members, in accordance with the Guidelines
issued by the Ministry of Finance, Government of India. BSE Investor Protection
Fund is responsible for creating Capital markets related awareness among the
investor community in India.
Compensation to Clients of Defaulter Members:
In case of Default by BSE Trading Member, BSE IPF compensates clients of such
Defaulter Trading Member maximum upto Rs. 15 lakhs per client.
Form
for lodging claim against Defaulter/Expelled Member & Checklist
Norms
for eligibility of claims for compensation from IPF to the clients of the defaulter
member
Monetary relief to the investors, during the course of pendency of proceedings:
“BSE IPF provides monetary relief to the investors, during the course of pendency of proceedings against trading members as per the guidelines issued by SEBI.
IPF has a corpus of Rs. 656.78 crore as on 31.12.2023. This includes Auction proceeds along with interest thereon retained as advised by SEBI. Further, SEBI vide its circular no.SEBI/HO/CDMRD/DEICE/CIR/P/2016/94dated September 26, 2016, addressed to all National Commodity Derivatives Exchanges provided guidelines and broad framework regarding constitution and management of an Investor Protection Fund (IPF) for Commodity Segment.
Thereafter, SEBI vide its circular No. CIR/CDMRD/DEICE/CIR/P/2017/53 addressed to all National Commodity Derivatives Exchanges, modified certain provisions of the above mentioned SEBI circular dated September 26, 2016.
"the Exchange has created a separate IPF for its Commodity Derivatives Segment having a corpus of Rs. 0.64 crore as on 31.12.2023."
BSE IPF also provides monetary relief to the investors, during the course of pendency of proceedings against trading members as per the guidelines issued by SEBI. Under the guidance from SEBI, the Exchange has created a separate IPF for its Commodity Derivatives Segment having a corpus of Rs. 0.62 crore as on 31.08.2023.
BSE IPF also provides monetary relief to the investors, during the course of pendency of proceedings against trading members as per the guidelines issued by SEBI. Under the guidance from SEBI, the Exchange has created a separate IPF for its Commodity Derivatives Segment having a corpus of Rs. 0.62 crore as on 31.08.2023. BSE IPF along with SEBI and other Market Infrastructure Intermediaries (MIIs) does several Investor Awareness Programs (IAPs) throughout the length and breadth of India, in English, Hindi and many other regional languages to achieve a better connect with the investors. In 2020-21 we did 6898 IAPs and in 2021-22 we hope to cross 8500 programs across India. Through IPFs large and robust network of resource persons, we reach out to a broad range of schools, colleges, universities and others. We also collaborate with professional Institutes, Associations, Industry bodies etc and offer support and educational material, and other content for events, conferences etc.”
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