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NOTICES
Notice No.   20221107-50   Notice Date   07 Nov 2022
Category   Compliance   Segment   General
Subject   Registration of the Reporting Entities (REs) in FINnet 2.0 system
 
Content

The Exchange is in receipt of communication from FIU dated November 07, 2022, regarding registration of the Reporting Entities (REs) in FINnet 2.0 system.

 

Exchange vide its notice no. 20220912-63 dated September 12, 2022, had directed all Reporting Entities (REs) (including the Stock-Brokers) registered in FINnet 1.0 to re-register themselves in FINnet 2.0 module.

 

FIU has raised serious concerns over the poor progress of the registration of Stock-Brokers (Trading members) in FINnet 2.0 system.

 

In this regard, it is informed that the reporting platform under FINnet 2.0 is expected to be 'Live' very soon. Once the reporting platform under FINnet 2.0 becomes operational, REs will not be able to file any STRs in the reporting platform of FINnet 1.0. Therefore, all the registered Stock-Brokers (Trading members) are required to be registered in FINnet 2.0 mandatorily within November 15, 2022 otherwise it will be treated as non-compliance with the Reporting Entity’s obligations under PMLA.

 

All registered Stock-Brokers (Trading members) are advised to provide the status of their registration on inspection@bseindia.com with subject “Registration in FINnet 2.0 system”

 

In case any RE face any issues or have any suggestions/ feedback while accessing and using the FINGate 2.0 portal, they may please reach out to the helpdesk team at the following details:

 

Email id – helpdesk-re@fiuindia.gov.in

 

Contact numbers:

• 011-23463691

• 011-23463692

• 011-23463693

 

Trading Members are advised to take note and comply with the above guidelines.

 

For and on behalf of BSE Ltd.

 

 

 

Hiteshkumar Desai                                            Josephine Baretto

General Manager                                               Manager

Brokers’ Supervision                                         Brokers’ Supervision