In a move to check unauthorised stock market trades through investor accounts, leading bourse Bombay Stock Exchange (BSE) on Thursday said it will commence the service of sending SMS to all investors from tomorrow.
“In order to check unauthorised stock market trades through investor accounts, according to the Securities and Exchange Board (Sebi) circular, BSE will commence the service of sending SMS to all investors with effect from October 12, according to the details of the investor available in the UCC (Unique Client Code) database,” BSE said. Investors will have the facility to inform BSE where the details received through SMS do not pertain to them, it said.
BSE had earlier issued a circular in this regard to its trading members to upload mobile numbers and email IDs of their clients in UCC database of the exchange, to facilitate dissemination of such trade alerts. The National Stock Exchange (NSE) would start sending transaction details to mobile phones and email accounts of all retail investors with effect from October 15.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app