BSE Notice_Distribution of third party products by Trading Members
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Dec 26, 2025, 5:10:21 AM12/26/25
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Date of Issue: 24-12-2025
Issuer: BSE
Distribution of third party products by Trading Members
Highlights of BSE Circular dated December -24 -2025
This is with reference to Exchange notice No. 20250616-26 dated June 16, 2025 on “Distribution of Third-Party Products by Trading Members” and clarification issued thereof vide Exchange notice No. 20251222-13 dated December 22, 2025 that Stock Brokers are not permitted to engage (as distributors) in any lending products (such as Home Loan, Vehicle Loan, Personal Loan, Education Loan, LAS etc.) other than those specifically permitted by SEBI from time to time.
In view of the above, it is further clarified that reference on the app/platform of stock brokers to banking products offered by banks/Non-Banking Financial Companies (NBFC) shall be permitted where such reference are in the nature of referral arrangement and subject to compliance with the aforesaid third party product guidelines.
Members are advised to take note of the contents of the Circular and ensure compliance.
In case of any clarification or assistance required in the implementation of this circular, you may contact : Kaushik Jethwa at kau...@secmark.in and 9870210171
Issuer: BSE
Distribution of third party products by Trading Members
Highlights of BSE Circular dated December -24 -2025
This is with reference to Exchange notice No. 20250616-26 dated June 16, 2025 on “Distribution of Third-Party Products by Trading Members” and clarification issued thereof vide Exchange notice No. 20251222-13 dated December 22, 2025 that Stock Brokers are not permitted to engage (as distributors) in any lending products (such as Home Loan, Vehicle Loan, Personal Loan, Education Loan, LAS etc.) other than those specifically permitted by SEBI from time to time.
In view of the above, it is further clarified that reference on the app/platform of stock brokers to banking products offered by banks/Non-Banking Financial Companies (NBFC) shall be permitted where such reference are in the nature of referral arrangement and subject to compliance with the aforesaid third party product guidelines.
Members are advised to take note of the contents of the Circular and ensure compliance.
In case of any clarification or assistance required in the implementation of this circular, you may contact : Kaushik Jethwa at kau...@secmark.in and 9870210171
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