Description

BSE reminds all active members to submit mandatory Risk Based Supervision (RBS) data for H1 FY2025-26 through BEFS by November 30, 2025 to avoid penal charges and disciplinary action.

Summary

BSE has issued a reminder to all active trading members regarding the mandatory submission of Risk Based Supervision (RBS) information for the period April 01, 2025 to September 30, 2025. This reminder references the original notice 20251007-01 dated October 07, 2025. All members who executed even a single trade during this period must submit their RBS data electronically through the BSE Electronic Filing System (BEFS) by November 30, 2025 to avoid penal charges and disciplinary action.

Key Points

  • Reminder for mandatory RBS data submission originally communicated via notice 20251007-01 dated October 07, 2025
  • Submission period covers April 01, 2025 to September 30, 2025 (H1 FY2025-26)
  • Mandatory for all active members (those who executed at least one trade during the period)
  • Submission must be made electronically through BEFS (BSE Electronic Filing System)
  • Non-compliance will result in penal charges and disciplinary action as per notice 20251010-20 dated October 10, 2025
  • Contact support available via phone (022-69158540, 45720640, 45720440) or email (bse.rbs@bseindia.com)

Regulatory Changes

No new regulatory changes introduced. This is a reminder of existing Risk Based Supervision requirements previously communicated.

Compliance Requirements

Who Must Comply:

  • All active BSE members who executed at least one trade between April 01, 2025 and September 30, 2025

What to Submit:

  • Risk Based Supervision (RBS) information and data for the specified six-month period

How to Submit:

  • Electronic submission through BEFS (BSE Electronic Filing System) only

Consequences of Non-Compliance:

  • Penal charges as prescribed in Exchange notice 20251010-20 dated October 10, 2025
  • Disciplinary action by the Exchange

Important Dates

  • Reporting Period: April 01, 2025 to September 30, 2025
  • Submission Deadline: November 30, 2025
  • Original Notice Date: October 07, 2025 (notice 20251007-01)
  • Penal Framework Notice: October 10, 2025 (notice 20251010-20)
  • Current Reminder Date: November 19, 2025

Impact Assessment

Member Impact: High impact on all active BSE trading members. The mandatory nature of this submission, combined with penal consequences for non-compliance, makes this a critical compliance obligation. Members must ensure timely data compilation and submission through BEFS to avoid financial penalties and regulatory disciplinary action.

Market Impact: Low direct market impact. This is an internal member compliance requirement and does not affect trading operations or market participants directly. However, it supports the Exchange’s risk monitoring framework which contributes to overall market integrity and member supervision.

Operational Impact: Medium operational impact on members who need to gather, compile, and submit comprehensive RBS data covering six months of operations. Members should allocate adequate resources to ensure accurate and timely submission before the deadline.

Impact Justification

Mandatory regulatory filing with strict deadline and penal consequences for non-compliance. Affects all active BSE members who executed trades during April-September 2025 period.