Media Release

BSE launches updated XBRL solutions for format changes in certain compliances under Listing Regulations

Mumbai: Friday, February 19, 2016: With a view to making reporting more accurate and more efficient, BSE had introduced the XBRL based reporting for Shareholding Pattern w.e.f. 11th June, 2015 and Financial Results w.e.f. 15 October 2015. BSE thus became the first stock exchange in India to introduce and implement XBRL based reporting in association with its partner in this endeavor, Microvista Technologies.

BSE has a state-of-the-art compliance portal called “Listing Center” which enables all listed companies to file their disclosures. Filings, documents etc electronically and has also enabled filing of digitally signed documents.

Pursuant to the SEBI Listing Regulations 2015, coming into force from December 1, 2015, extensive amendments were made in the formats for reporting Shareholding Patterns and Financial Results. BSE has implemented these changes in the XBRL format for enabling companies to easily submit their filings in an accurate and timely fashion. 

In order to provide assistance to these companies, BSE also offers online real time assistance in the form of a Helpdesk for troubleshooting problems and assisting users.

Over 1700 companies have already utilised the XBRL filing facility for filing Shareholding Pattern, Corporate Governance and Financial Results.

About BSE

BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE, is Asia’s first Stock Exchange and now the fastest stock exchange in world with the speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian Capital Markets. BSE is a corporatized and demutualised entity, with a broad shareholder-base and includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending & borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME).

BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian Capital Markets and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on. BSE platform provides full novation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of BSE and is one of the two central depository services in India.

Media Contact:

Yatin Padia

Marketing Communications

022 2272 8516

yatin.padia@bseindia.com