Description

BSE announces revised settlement dates due to Maharashtra government declaring September 08 as public holiday and cancelling September 05 holiday.

Summary

BSE announces revised settlement dates for equity, equity derivatives, currency derivatives, and commodity derivatives segments due to Maharashtra government declaring September 08, 2025 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881, while cancelling the previously declared September 05, 2025 holiday.

Key Points

  • September 05, 2025 public holiday has been cancelled by Maharashtra government
  • September 08, 2025 has been declared as a new public holiday
  • Settlement dates for trades on September 04 and 05, 2025 revised from September 08 to September 09, 2025
  • Currency derivatives segment will observe September 08, 2025 as a trading holiday
  • Changes apply to equity, equity derivatives, currency derivatives, and commodity derivatives segments

Regulatory Changes

Based on RBI press release 2025-2026/1042 dated September 04, 2025, settlement schedules have been revised to accommodate the new public holiday declaration.

Compliance Requirements

  • Market participants must adjust their settlement processes for the revised dates
  • Currency derivatives traders should note September 08, 2025 as a non-trading day
  • All clearing and settlement activities must align with the new schedule

Important Dates

  • September 05, 2025: Previously declared holiday now cancelled
  • September 08, 2025: New public holiday declared; trading holiday for currency derivatives
  • September 09, 2025: New settlement date for trades originally scheduled to settle on September 08
  • Effective immediately: All revised settlement schedules

Impact Assessment

High impact on market operations as the changes affect settlement cycles across multiple segments. Participants need immediate adjustment of their back-office processes, liquidity management, and settlement preparations. Currency derivatives segment faces additional impact with a complete trading holiday on September 08, 2025.

Impact Justification

Settlement date changes affect all market participants across multiple segments with immediate effect