To All Members,
Sub: Modification of Client Codes (All Segments) – enhancement in RTRMS (Real Time Risk Management System) and BEFS (BSE Electronic Filing System) modules
This is with reference to SEBI circulars CIR/DNPD/6/2011 dated July 5, 2011, CIR/MRD/DP/29/2014 dated October 21, 2014, SEBI/HO/CDMRD/DMP/CIR/P/2016/73 dated August 19, 2016 and further to Exchange notice nos. 20110706-1 dated July 6, 2011, 20110729-24 dated July 29, 2011, 20110826-4 dated August 26, 2011, 20111214-4 dated December 14, 2011, 20111104-16 dated November 4, 2011, 20140625-15 dated June 25, 2014, 20141021-15 dated October 21, 2014, 20160210-23 dated February 10, 2016, 20161102-18 dated November 2, 2016, 20190911-56 dated September 11, 2019, 20190913-56 dated September 13, 2019, and 20231129-47 dated November 29, 2023 regarding modification of Client Codes.
In accordance with SEBI regulations and Exchange communications, Trading Members (TM’s) are required to exercise due diligence while doing Client Code Modifications (CCM) with valid reasons and pre-trade evidence/documentation. To strengthen this process, the RTRMS and BEFS modules are being upgraded with following enhancements.
1) In RTRMS trade modification module, TM’s shall be required to input the reason code while modifying Client Code. The list of the reason codes available to the TMs are as follows.
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Reason Code
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Reason Description
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1
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Modified to Error
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2
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Error-communication/Punching /Typing (similar UCC/name)
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3
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Modification with Relatives (as per Companies Act, 2013)
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4
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Allocation to related schemes / sub-accounts
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5
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Back to original client code
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TM’s can also modify the client code along with reason code through two options viz. screenbased entry or through bulk file upload process. Accordingly, existing bulk file upload format is amended to include one additional “reason code” column to capture the aforesaid reason codes.
Existing Bulk File Upload format:
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Trader Id
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Buy/Sell
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Quantity
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Scrip Code
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Rate
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Order Id
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Trade Id
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Client Id
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Client Type
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New Short/ClientID
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New Client Type
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Revised Bulk File Upload Format:
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Trader Id
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Buy/Sell
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Quantity
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Scrip Code
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Rate
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Order Id
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Trade Id
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Client Id
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Client Type
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New Short/ClientID
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New Client Type
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Reason Code
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2) In BEFS module, the TM’s has been provided the facility to upload the pre-trade evidence/documents for CCM.
Sample scenarios and frequently asked questions (FAQ) are attached as Annexure-1 and Annexure-2, respectively.
The proposed enhancements will be implemented in the RTRMS and BEFS modules w.e.f. Monday, January 20, 2025 (the features can be tested during the Mock trading sessions proposed to be held on Saturday, January 18, 2025).
TM’s are requested to take note of the above amendments. For further clarifications, please reach out to us on below contact details:
Spandan Jayadevulu Poonam Pisat
Senior Manager Manager
Investigation Investigation
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