Trading members are requested to take note that the Risk Based Supervision data for the HY 2018 (for the Half Year ended September 30, 2018) is required to be submitted by November 30, 2018 (“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, 2018 for submission of RBS data for HY 2018.
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 FAQs to submit the details are 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, 2018)
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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.
2 weeks’ notice shall be given to the Member after Non submission beyond 45 days from the end of due date subsequent to which the Member shall be disabled in allsegments of the Exchange. Enablement of terminal will not 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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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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