The Bombay Stock Exchange (BSE) on June 09, 2026, issued the notification regarding the Membership of Electronic Gold Receipt (EGR) segment of BSE.
The following has been stated namely: -
• Any entity seeking exclusive membership in the EGR segment must obtain registration under the applicable provisions of the Securities and Exchange Board of India (SEBI) Stockbrokers Regulations, 2026.
• A minimum net worth of ₹1 crore is required to become a Trading Member in the EGR segment.
• Fees for New Applicants
o Admission Fee: ₹50,000 + GST (one-time).
o Annual Membership Subscription: ₹1,00,000 + GST per financial year.
• Existing members of BSE Limited applying for the EGR segment are exempt from admission and membership-related fees for segment registration.
• Base Minimum Capital (BMC) Requirement ranges from ₹10 lakh to ₹50 lakh, depending on whether trading is proprietary, client-based, and/or uses algorithmic trading (Algo). Algo trading categories require ₹50 lakh BMC.
• Trading Members must pay a one-time SEBI registration fee of ₹50,000 + GST directly to SEBI through NEFT/RTGS.
• Application Process
o New applicants can download the required registration forms from the BSE website.
o Existing BSE Trading Members must apply for EGR membership through the BEFS portal.
o For existing members, Membership Deposit, Admission Fee, and Processing Fee are all Nil.
[Notification No. 20260609-22]
