Trading members are requested to take note that the Risk Based Supervision data for the half year ended September 30, 2017 is required to be submitted by November 30, 2017 (“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 October 1, 2017 for submission of RBS data.Further, the points are as under are collected currently through RBS template through BEFS:
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Sr. No.
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Particulars
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30
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Total credit balances of all clients as on _________ (in Rs.)
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31
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Total funds available in Bank / with Clearing Member & Exchange as on ________ (in Rs.)
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As the above information is now being taken from the Members as part of the monthly submission towards monitoring of client funds (Enhanced Supervision), hence we are discontinuing the same from the RBS template w.e.f. half year ending September 2017 onwards in order to avoid any duplication. Therefore, the above 2 data sets shall not be required to be submitted while submitting the data through BEFS.
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 FAQ to submit the details is also attached as Annexure – 2 and 3 respectively.
For delayed/non-submission of data, the following penalty norms/ disciplinary action will be applicable.
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Particulars
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Action
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Highest Risk Rating
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Submission within the due date (November 30, 2017)
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No Action
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NA
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Submission within 5 days from the end of due date for submission
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Penalty of Rs.10,000/-
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NA
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Submission after 5 days but within 15 days from the end of the due date for submission
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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)
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NA
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Non-submission after 15 days from the end of due date for submission
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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.
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Highest risk-rating will be assigned to the parameters for which data is not submitted by the trading member
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Non submission after 45 days from the end of due date for submission
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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.
Disablement of terminal and no new registration of clients will be allowed till the data is submitted to all the exchanges.
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Highest risk-rating will be assigned to the parameters for which data is not submitted by the trading member
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In case of any further clarification the trading members may contact the following officials.
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Sr. No.
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Name of Official
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Tel No.
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1.
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Mr. Ajinkya Nikam
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022-22728853
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2.
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Ms. Rohini Rasputra
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022-22725068
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Members can reach us at bse.rbs@bseindia.com, in case of any queries.
For and On behalf of BSE Ltd.
Hitasha Gurbani Rohini Rasputra.
Asst. Gen Manager Senior Manager
Brokers’ Supervision Brokers’ Supervision
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