Submit risk based supervision data by Nov 30: BSE to brokers

Leading stock exchange BSE today asked brokers to submit risk-based supervision (RBS) data for first 6 months of the current financial year, latest by November 30.

The submission of data is mandatory for all active members of the exchanges (those who have executed/cleared even a single trade during the period).

The submission is to be made only electronically through BEFS (BSE Electronic Filing System).

"This is a gentle reminder to trading members for submission of half yearly RBS details," the exchange said in a circular.

"No physical copies are required to be submitted to the Exchange," it added.

Brokers who fail to make timely submission of RBS data will be slapped monetary penalty. Besides, prolonged non- compliance would result in disablement of trading terminals.
 

Trading members have been submitting RBS data since 2013-14. However, there have been instances of delayed or non-submission of data.

Accordingly, the exchanges, in consultation with markets regulator Sebi formulated the timetable for submission of RBS data and also the penalty provisions for delayed or non- submission of such provision.