The Bombay Stock Exchange (BSE) on December 24, 2025, notified regarding the distribution of third-party products by Trading Members 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.
[Notice No. 20251224-52]
