This is further to the Exchange notice nos. 20200210-48 dated February 10, 2020 and 20200602-33 dated June 02, 2020 on the Reporting of ‘Client Level Cash & Cash Equivalent Balances’ and ‘Bank Account Balances’ to the Exchange wherein formats were provided to members.
Members will have to submit the data for all calendar days of the week except Sunday on or before the next four trading days of subsequent week. However, the first submission for reporting of client level cash & cash equivalent balances shall have to be made for the week ending on June 06, 2020 whose due date will be June 12, 2020.
The procedure & format for submitting the Cash & Cash Equivalent Balances through the BEFS portal is enclosed as Annexure-A for, for your reference.
Please be informed that a separate notice shall be issued shortly regarding availability of System for reporting of Bank Balances submissions which will be required to be done for the week ending on June 06, 2020 and onwards.
Further, Members are requested to take note of the below:
- Members have to submit “Client Level Cash & Cash Equivalent Balances” data on a consolidated basis across all Exchanges. The data shall be prepared & submitted for all the clients irrespective of the Exchange on which the clients are trading and the same shall be reported to all the exchanges.
- Members shall not be required to upload data for clients with zero cash and cash equivalent balances and have not traded in last 12 months.
- The requirement for aforementioned submission is applicable to all Trading Members, except for those who are carrying out only proprietary trading and/or only trading for Custodian Settled clients. Members carrying out only proprietary trading and/or only trading for Custodian Settled clients will have to give a one time declaration through the system.
- Member will have to continue to submit the monthly client wise fund & securities balances (under the provision of SEBI circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016) till further instruction from the Exchange. Exchange will issue appropriate communication regarding the same in due course.
In view of the ongoing COVID-19 pandemic, Exchange will not levy any late/non submission charges w.r.t the above submission, till June 30, 2020. However, Members are advised to ensure adherence to the timelines stipulated for submission. Details of disciplinary action on account of late/non submission will be communicated in due course.
All members are advised to take note of the same and comply.
In case of any queries/ clarification, Stock Brokers may contact the under mentioned officials:
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Name of Officials
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Contact No
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Mr. Vikash Kumar
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2272 8997
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Mr. Tushar Shetty
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2272 8217
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Mr. Prakash Ananthanarayanan
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2272 8895
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Mr. Prashant Sindhwad
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2272 8460
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Ms. Josephine Baretto
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2272 8598
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For and On behalf of BSE Ltd.
Kiran Sawant
Asst. Gen. Manager
Brokers' Supervision
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