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NOTICES
Notice No.   20240412-54   Notice Date   12 Apr 2024
Category   Compliance   Segment   General
Subject   Risk Based Supervision (RBS) - Submission of information for the period April 01, 2023 – March 31, 2024
Attachments   Annexure 1.xls ; Annexure 2.pdf ; Annexure 3.doc ;
Content

Trading members are requested to note that the Risk Based Supervision data for the FY 2023-2024 (for the period April 01, 2023 – March 31, 2024) is required to be submitted by May 31, 2024 (“Due Date”). The trading members may note that the submission is to be made only electronically through BEFS, under the menu >>>Risk Based Supervision. No physical copies are required to be submitted to the Exchange. The above link shall be made available from April 16, 2024 for submission of RBS data for FY 2023-2024.

It is to be noted that the submission of RBS data is mandatory for all trading members of the Exchange who have executed even a single trade during the aforementioned period. The details to be provided by the trading members to the Exchange are attached as Annexure - 1.

User manual and FAQs to submit the details are also attached as Annexure – 2 and 3 respectively.

Further, the data collated from the Members/Exchange towards RBS is shared with SEBI and in case of any non- submission/delayed submission by a Member, disciplinary action will be initiated as prescribed below: 

 

Particulars

Action

Highest Risk Rating

Submission within the due date (May 31, 2024)

No Action

NA

Submission within 5 days from the end of due date for submission

Penalty of Rs. 10,000/-

NA

Submission after 5 days but within 15 days from the end of the due date for submission

Penalty of Rs. 10,000 + Rs. 2,000/- per day (from the 6th day till the 15th day from the end of the due date)

NA

Non-submission after 15 days from the end of due date for submission

Trading member will not be allowed to register any new clients in Exchange UCC database. This will be implemented across the exchanges, even if data is submitted to one Exchange.

Registration of new clients will be allowed after data is submitted to all the exchanges.

Highest risk-rating will be assigned to the parameters for which data is not submitted by the trading member

Non-submission after 45 days from the end of due date for submission

In addition to the above disablement of trading terminals by all stock exchanges, irrespective of the stock exchange where the TM has not submitted the data.

2 weeks’ notice shall be given to the Member after Non submission beyond 45 days from the end of due date subsequent to which the Member shall be disabled in all segments of the Exchange. Enablement of terminal will not be allowed till the data is submitted to all the Exchanges

Highest risk-rating will be assigned to the parameters for which data is not submitted by the trading member

In case of any clarification required, you may reach at 022-2272 8435/5785 or you may send an email to bse.rbs@bseindia.com .

  

For and on behalf of BSE Ltd.

 

 

Kaustubh Mundada                                 Kalpesh Ganger
Ass. Gen. Manager                                   Manager
Inspection                                                  Inspection