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NOTICES
Notice No.   20181207-28   Notice Date   07 Dec 2018
Category   Compliance   Segment   General
Subject   Enhanced supervision: Monitoring of Clients’ Funds lying with the Stock Broker for the week ended December 07, 2018.
Attachments   Annexures.zip ;
Content

This is further to SEBI Circular No. SEBI/HO/MIRSD/MIRSD2/CIR/2016/95 dated September 26, 2016, SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/138 dated December 20, 2016, CIR/HO/MIRSD/MIRSD2/CIR/P/2017/64 dated June 22, 2017, CIR/HO/MIRSD/MIRSD2/CIR/PB/2017/107 dated September 25, 2017, and Exchange Notice Nos. 20160927-41, dated September 27, 2016, 20161221-20 dated December 21, 2016, 20170623-14 dated June 23, 2017, 20170925-34 dated September 25, 2017 respectively on the captioned subject.

As per aforesaid circulars stock brokers were required to submit the data on clients funds lying with stock brokers on last trading day of every month on or before the next three trading days till March 31, 2018. Thereafter, the uploading of that data by the stock brokers to the Stock Exchanges shall be on weekly basis i.e. stock brokers shall submit the data as on last trading day of every week on or before the next three trading days.

Accordingly, Stock brokers are requested to upload the data as on December 07, 2018 by December 12, 2018 under the following link:-

(URL: https://befs.bseindia.com/) BEFS>>Enhanced Supervision>>Details of Client Assets

The data to be submitted and source/path for this purpose, along with necessary clarifications, is enclosed as (Annexure – 1).

Exchange has also provided a provision of bulk upload facility. The file format of the same is attached as (Annexure – 2). The file has to be in CSV comma separate format. Stock broker also need to do the naming convention as :- Clg No_ddmmyyyy.csv (Clg no. to be without zero and date should be date of submission).

Please find attached User manual (Annexure - 3) for submitting the information for ready reference.

The stock broker may please note that non/late submission would attract Penalties/disciplinary action as per BSE Notice No. 20180214-31 dated February 14, 2018 as below:-

 

Area

Penalty / Disciplinary Action / Charges

Non submission/ late submission of data towards monitoring of client funds

Ø Delay/non-submission in case of weekly submission :

 

1. Submission within 10 calendar days from the    due date – Rs. 500/- per day

2.  Submission beyond 10 calendar days from the due date – Rs. 1000/- per day

 

In case of non-submission for  consecutive 4 weeks – New client registration to be restricted

In case of non-submission for consecutive 8 weeks – 2 weeks’ notice shall be given to the Member subsequent to which the Member shall be disabled in all segments by the Exchange.

 

 

In case of any clarification required you may connect:

 

Particulars

Name of officials

Contact No

Email id

For queries other than Annexure- 1

Priyanka/Ajinkya/Gayak/Krunal

22725725/8853/8724/5632

bse.rbs@bseindia.com

For queries related to collateral (Source/Path-Annexure-1)

Rayan Menezes

022- 2272 8467

rayan.menezes@icclindia.com

 

 

For and On behalf of BSE Ltd.  

 

 

 

Ajinkya Nikam

Associate Manager

(Brokers’ Supervision)