NSE/BSE Membership & Inspection Compliance Calender For Trading Members (TM).
Compliance includes Daily Compliance which include Daily MTR File Uploading, Weekly Compliance which includes Enhanced Supervision-Weekly data submission towards monitoring of client funds, Holding statement, Client Level Cash & Cash Equivalent Balances, Reporting of securities Pay-in / Pay-out shortages by Members etc, Monthly Compliance which includes Client wise Funding Report, Enhanced Supervision -Monthly uploading clients’ fund balance and securities balance, Quarterly Compliances , Half Yearly Compliance and Yearly Compliances.
Daily Compliance
| Particulars | Due Date / Time |
| Daily MTR File Uploading | Before 12 p.m. on the following trading day |
Weekly Compliance
| Particulars | Due Date / Time |
| Enhanced Supervision-Weekly data submission towards monitoring of client funds | On or before the next four trading days |
| Holding statement | On or before the next four trading days |
| Client Level Cash & Cash Equivalent Balances | On or before the next four trading days |
| Bank Account Balances | On or before the next four trading days |
| Reporting of securities Pay-in / Pay-out shortages by Members | Till S+5 working day basis, where ‘S’ is the settlement date for the respective settlement. |
Monthly Compliance
| Particulars | Due Date / Time |
| Client wise Funding Report | Within the first seven calendar days of the following month |
| Enhanced Supervision -Monthly uploading clients’ fund balance and securities balance | Within 7 calender days from end of last trading day of the month |
Quarterly Compliance
| Particulars | Due Date/ Time | Due Date |
| Disclosures by trading members (Capital market segment) regarding their holdings in listed companies. | Within 45 days from the end of quarter | 15-May
14-Aug 14-Nov 14-Feb |
| Data required for computation of Securities Transaction Price Index (STPI) | Within 12 days from the end of quarter | |
| Cyber Security & Cyber Resilience framework for Stock Brokers – Incident Reporting | Within 15 days from the end of quarter – Incident Reporting | 15-April
15-July 15-October 15-January |
| Reporting of Artificial Intelligence and Machine Learning applications used by the members. | Within 15 days from the end of quarter – Incident Reporting | 15-April
15-July 15-October 15-January |
Half Yearly Compliance
| Particulars | Due Time | Due Date |
| Half-Yearly Networth certificate Submission
– For members with MTF approval: |
Within 1 month from the half year ended March and September | 30-April
30-October |
| – For all other members: | Within 2 months from the half year ended March and September | 30th November 31st May |
| Compliance certificate for Margin Trading for CM Segment (BSE Only) | Within 1 month from the half year ended March and September | 30-April
30-October |
| Internal Audit Report | Within 2 months from half year ended March and September | 30th November 31st May |
| Risk Based Supervision | Within 2 months from half year ended March and September | 30th November 31st May |
| System Audit of Stock Brokers / Trading Members (Type – III)
Preliminary Audit Report – Action taken Report – Follow-on Audit Report- |
Within 2 months from the half year ended September
Within 5 months from the half year ended September Within 8 months from the half year ended September |
30th November
28th February 30th May |
| System Audit Report
Preliminary Audit Report- Action taken Report – Follow-on Audit Report- |
Within 3 months from the half year ended March,
Within 6 months from half year ended March Within 9 months from half year ended March. |
30th June
30th September 31st December |
| Cyber Security & Cyber Resilience framework Audit for Algo Members
Preliminary Audit Report Action taken Report – Follow-on Audit Report- |
Within 3 months from the half year ended March,
Within 6 months from half year ended March Within 9 months from half year ended March. |
30th June
30th September 31st December |
| Cyber Security & Cyber Resilience framework Audit for Algo Members
Preliminary Audit Report – Action taken Report – Follow-on Audit Report – |
Within 2 months from the half year ended September
Within 5 months from the half year ended September Within 8 months from the half year ended September |
30th November
28th February 30th May |
Yearly Compliance
| Particulars | Due Date / Time |
| Annual Returns | 31-October |
| Proof of Insurance cover
– Members with vaildity ending on May 31st: – Members with any other due date: |
31st July
Within one month from the expiry of validity period |
| System Audit Report
– based on the certain criteria given by SEBI in circular CIR/MRD/DMS/34/2013 dated November 06, 2013 |
Annually / Once in 2 Years |
| Cyber Security & Cyber Resilience framework Audit
Preliminary Audit Report- Action taken Report – Follow-on Audit Report- |
Within 3 months from the half year ended March
Within 6 months from half year ended March Within 9 months from half year ended March |
| Updation of PAN details of KMP and Directors | 30th June |
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Author – CS Devyani Khambhati, Devyani & So. Company Secretary in Practice from Surat and shall be contacted at csdevyani@gmail.com)
Disclaimer: This Article is prepared on the basis of relevant Act, Rules, circulars, notification, provisions and information available at the time of preparation. Due care has been taken to ensure correctness and accuracy of the provided information. Users of this information are expected to refer to the relevant applicable laws. The information provided is not a piece of professional advice and is subject to change without notice. Hence, I assume no responsibility for the consequences of the use of such information.
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