Description

BSE reminds members to submit Risk Based Supervision data for April-September 2025 period by November 30, 2025 through BEFS to avoid penal charges.

Summary

BSE has issued a reminder notice to all exchange members regarding the mandatory submission of Risk Based Supervision (RBS) data for the period April 01, 2025 to September 30, 2025. The submission must be made electronically through BEFS (BSE Electronic Filing System) on or before November 30, 2025. This is a follow-up to the original notice dated October 07, 2025, reminding members of the approaching deadline and warning of penal charges and disciplinary action for non-compliance.

Key Points

  • Submission of RBS data is mandatory for all active members who have executed even a single trade during April 01, 2025 to September 30, 2025
  • Submission must be made through BEFS (BSE Electronic Filing System)
  • This is a reminder of the original requirement communicated via notice no. 20251007-01 dated October 07, 2025
  • Non-compliance will result in penal charges and disciplinary action as per notice no. 20251010-20 dated October 10, 2025
  • Members can contact BSE at 022-69158540/45720640/45720440 or email bse.rbs@bseindia.com for clarifications

Regulatory Changes

No new regulatory changes introduced. This is a reminder notice for an existing compliance requirement.

Compliance Requirements

  • Who: All active BSE members (those who executed at least one trade during April 01, 2025 - September 30, 2025)
  • What: Submit Risk Based Supervision (RBS) information/data for the specified period
  • How: Electronic submission through BEFS (BSE Electronic Filing System)
  • Consequence: Failure to submit will result in penal charges and disciplinary action as prescribed in Exchange notice no. 20251010-20 dated October 10, 2025

Important Dates

  • Data Period: April 01, 2025 - September 30, 2025
  • Submission Deadline: November 30, 2025
  • Original Notice Date: October 07, 2025 (notice no. 20251007-01)
  • Penal Provisions Notice Date: October 10, 2025 (notice no. 20251010-20)
  • Reminder Notice Date: November 19, 2025

Impact Assessment

Operational Impact: This circular affects BSE member firms’ compliance operations. Members must gather and submit required RBS data within the specified timeline to avoid penalties.

Market Impact: No direct market impact as this is an internal compliance requirement for exchange members.

Member Impact: Active members who traded during the April-September 2025 period must allocate resources to complete the mandatory RBS submission. Non-compliance carries financial penalties and potential disciplinary action, making timely submission critical for member firms.

Impact Justification

Mandatory compliance requirement for all active BSE members with specific deadline and penal consequences, but operational in nature affecting only exchange members rather than broader market participants.