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

****

Author – CS Devyani Khambhati, Devyani & So. Company Secretary in Practice from Surat and shall be contacted at [email protected])

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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Author Bio

Qualification: CS
Company: Devyani & Co.
Location: Surat, Gujarat, India
Member Since: 16 Mar 2021 | Total Posts: 4
Devyani Khambhati is an Associate member of ICSI, Practicing Company Secretary and guiding corporates to meet their compliance requirements and a Proprietor at Devyani & Co., Company Secretaries. She is having 7 years post qualification experience as Company Secretary with expertise in Corpo View Full Profile

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