This is in continuation to the Exchange Notice No. 20231129-47 dated November 29, 2023, regarding “Modification of Client Codes (All Segments) – Update and Revised penalty structure”.
As per para 4.2 of the Exchange Notice, Trading members need to report trades settled through DVP mechanism, relevant extract of the Exchange Notice is as under:
“With respect to trades settled through DVP mechanism, Trading Members would need to report the name of entities to whom the trades were settled. The original client would be the client in whose client code the trades were executed, and the modified client code will be the PAN in whose name trades were settled through DVP mechanism. In the event that, the Exchange finds that modified client code is not of / managed by the same institution, penalty shall be levied.”
In view of the aforesaid Notice, Trading Members are required to report all DVP transactions on a daily basis. This Information is required to be uploaded on BEFS (BSE Electronic Filing System) of the Exchange under the module Client Code Modification and sub-module DVP Trades Reporting.
The file format for reporting DVP transactions is enclosed as Annexure 1.
Members are advised to take note of the above guidelines and comply.
In case of any clarifications, members may contact us on details given as under:
For and on behalf of BSE Ltd.
Hiteshkumar Desai Jyoti Thukral
General Manager Sr. Manager
Inspection Inspection |