Archive · 26 Jun 2025
SEBI Fines BSE for Breaching Disclosure Norms
SEBI, the financial market regulator, fined the Bombay Stock Exchange (BSE) ₹25 lakh.
This was because some paid clients and BSE's internal team received company announcements before everyone else.
This broke rules about sharing information fairly.
SEBI found that BSE’s systems weren't set up to give everyone the same information.
The exchange also didn't properly check some trade changes.
SEBI expects better systems to share news and watch for errors.
SEBI fined BSE ₹25 lakh for unequal access to corporate information.
BSE allowed select clients and internal teams early access to announcements.
SEBI found deficiencies in BSE's information-sharing process.
BSE failed to properly oversee client code modifications and error accounts.
SEBI cited violations of fair disclosure norms and market transparency.
- Who
- The Securities and Exchange Board of India (SEBI) fined BSE.
- What
- SEBI fined BSE ₹25 lakh.
- When
- Between February 2021 and September 2022.
- Where
- Within the BSE Ltd. system.
- Why
- For failing to ensure equal access to corporate disclosures and inadequate oversight of trading practices.
SEBI's Concerns
BSE's Failures
Information Access and Oversight
SEBI's Concerns
BSE's system architecture allowed early access to corporate announcements for select clients and internal teams, violating fair disclosure norms.
BSE's Failures
The BSE failed to take disciplinary action against brokers who frequently modified trade details, and did not sufficiently monitor ‘error accounts’, raising red flags about potential misuse.
- Entity Fined
- BSE Ltd.
- Fining Body
- SEBI
- Penalty Amount
- ₹25 lakh
- Reason for Fine
- Unequal information access and oversight failures
- Violation Period
- February 2021 - September 2022
Sources
SEBI fines BSE ₹25 lakh for violations in information access, regulatory oversight
SEBI imposes Rs 25 lakh fine on BSE for unequal data access, oversight failures
SEBI slaps Rs 25 lakh fine on BSE for regulatory violations – Key findings inside
Selective data sharing: Why SEBI slapped Rs 25 lakh fine on BSE
