This has reference to Exchange Notice no. 20230105-59 dated January 5, 2023, 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 via BEFS portal. Members were given online facility via BEFS portal for submission of Summary and UCC wise settlement.
If the Running Account Settlement is not applicable to them due to any of following reasons, Members are advised to submit their “Declaration” online via BEFS portal:
(i) Trading for custodian settled clients only,
(ii) Proprietary trading only,
(iii) No client is due for settlement.
User manual for submission of aforesaid “Declaration” is specified in Annexure 1.
Members may please note that the said “Declaration” is required to be submitted via BEFS portal only and no such “Declaration” shall be accepted on email.
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.
Shailly Shanbhag Kalpesh Ganger
Senior Manager Manager
Brokers’ Supervision Brokers’ Supervision
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