The Bombay Stock Exchange (BSE) on November 28, 2025, issued the notification regarding the Update on the Revise and Revamp of Nomination Facilities in Mutual Funds Segment.
The following has been stated namely: -
• This notice follows earlier Exchange communications on the Revised and Revamped Nomination Facilities for mutual fund transactions.
• Creation of fresh folios in non-demat/physical mode will be allowed only if a valid Nomination Authentication Mode (OTP “O” or Video “V”) with a unique reference number is recorded at the client UCC level.
• Bulk Upload and API interfaces are provided for Members to upload Nominee Opt-out Mode details and associated reference numbers.
• Three annexures are provided:
o Annexure I: Process notes for nominee opt-out submissions
o Annexure II: API structure for UCC Registration/Modification (183 fields)
o Annexure III: API structure for updating Nomination Authentication Mode & Reference Number
• Members using third-party vendor systems or in-house trading applications must ensure necessary system changes are implemented.
This is Effective post-market hours on December 12, 2025
[Notification No. 20251128-14]
