BSE has commenced sending trade details through SMS & Email
to the investors, pursuant to SEBI Circular no. CIR/MIRSD/15/2011dated
August 02, 2011.
To facilitate the above, modifications were carried out in the UCC
module. All members are required to update mobile numbers and email
ids of their clients in the respective fields in the UCC database
of the Exchange.
Subsequently, SEBI had directed the Exchange to send trade alerts
through SMS/ Email at the end of the day to all investors based on
the client details uploaded by the Stock Brokers on the Stock Exchange
System. BSE has commenced sending trade alerts through SMS/ Email
at the end of the day to all investors.
If client wants, his trade information to be made available to his
‘Family member’, Trading Member may at the specific written request
from the respective client, update “mobile no.” / “email Id” fields
as the case may be. ‘Family’ for this purpose would mean self, spouse,
dependent children and dependent parents. Provided such Family Member
is also a client of the said broker.
Trading Members are required to take utmost care while uploading the
“Mobile no.”, “Email Id.” of the respective client. Trading Members
are required ensure that the mobile numbers and e-mail Ids. of their
employees/remisiers/sub-brokers/authorized persons are not uploaded
on behalf of clients.
Trading Member is required to ensure that the Rules, Bye-laws and
Regulations of the Exchange are complied including issuance of contract
note to the clients in timely manner. In case of any discrepancies
with regards to the trades executed on behalf of the clients, the
Trading Member shall take immediate steps to rectify the same and
ensure that trades are executed as per the instructions of the client.
The required data is provided to the clients on an "as is" and "where-is"
basis, without any warranty of any kind. While care has been taken
to ensure the accuracy and completeness of the information provided
herein based upon the data uploaded by the Trading Member, the Exchange
does not warrant, guarantee or make any representation concerning
the correctness, use, results of use or inability to use the information
and shall not be liable for any loss, liabilities or damage of any
kind (whether direct, indirect or consequential losses or other loss
of any kind) suffered due to any omission, error, inaccuracy, incompleteness,
or otherwise, any reliance on such information.The Exchange shall
not be liable for any delay or any other interruption which may occur
in providing the data due to force majeure, communication failure,
any technical reason including network (Internet) related reasons,
system failure any other form of breakdown of services or the inability
of the Exchange to send the data beyond the control of the Exchange.
No proceeding/suit/action/claims shall be filed against the Exchange
for any loss/liabilities with regards to transmission of data.