This has reference to Exchange Notice no. 20221228-55 dated December 28, 2022, regarding Reporting requirement on Settlement of Running Account of Clients’ Funds lying with Trading Member (TM). Wherein members have been advised to submit the summary of settlement of clients’ funds and UCC wise settlement details to the Exchange within the prescribed timelines. Further, as per said circular, members were also informed that an online facility via BEFS portal shall be provided by Exchange to all members for submitting aforesaid details regarding settlement of clients’ funds.
In this regard, members are requested to note that the system for submission of the details as mentioned below on quarterly basis for the quarter January – March 2023, and thereafter is made available through the BEFS.
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Sr. No.
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Reporting Requirement
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Due Date
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1.
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Submission of summary of settlement of clients’ funds
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Within 2 Trading Days post settlement date i.e., January 10, 2023.
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2.
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Submission of UCC wise settlement details
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Within 10 Trading Days post settlement date i.e., January 20, 2023.
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Note - If settlement is not applicable due to the following reasons, kindly send an undertaking through email on bse.inspection@bseindia.com
(i) Trading for custodian settled clients only,
(ii) Proprietary trading only,
(iii) No client is due for settlement.
User manual for submission of aforesaid details is specified in Annexure 1.
All members are advised to take note of the same and comply.
In case of any clarifications, members may contact us details given as under :
For and on behalf of BSE Ltd.
Hiteshkumar Desai Shailly Shanbhag
General Manager Senior Manager
Brokers’ Supervision Brokers’ Supervision |