Description

BSE postpones implementation of revised FATCA/CRS document ID types on StAR MF platform from December 2, 2025 to December 16, 2025, allowing members additional time for system updates.

Summary

BSE has postponed the implementation of revised FATCA/CRS document ID types on the BSE StAR MF platform. The changes, originally scheduled for post-market hours on December 2, 2025, will now be implemented post-market hours on December 16, 2025. This update applies to revised document ID types received from both RTAs as per Annexure II referenced in Notice No. 20251103-46 dated November 3, 2025.

Key Points

  • Implementation of revised FATCA/CRS document ID types postponed by 14 days
  • New implementation date: Post-market hours on December 16, 2025
  • Original implementation date: Post-market hours on December 2, 2025
  • Applies to revised document ID types from both RTAs
  • References Annexure II from earlier Notice No. 20251103-46 dated November 3, 2025
  • Members using third-party vendor solutions or in-house trading applications must complete necessary development work

Regulatory Changes

No new regulatory changes introduced. This circular provides a timeline extension for implementing previously announced FATCA/CRS document ID type revisions on the BSE StAR MF platform.

Compliance Requirements

  • All BSE Members: Must ensure their systems are updated to support revised FATCA/CRS document ID types before December 16, 2025
  • Members with Third-Party Vendor Solutions: Must coordinate with vendors to complete necessary system development and testing
  • Members with In-House Trading Applications: Must initiate and complete internal development work to accommodate the revised document ID types
  • Members should reference Annexure II from Notice No. 20251103-46 for specific document ID type specifications

Important Dates

  • December 1, 2025: Notice date announcing implementation postponement
  • December 2, 2025: Original implementation date (now postponed)
  • December 16, 2025: New implementation date (post-market hours)
  • Reference Date: November 3, 2025 - Original notice (No. 20251103-46) with Annexure II specifications

Impact Assessment

Operational Impact: Medium - The postponement provides members with an additional two weeks to complete system development and testing, reducing implementation risk. This affects all BSE mutual fund trading members and their technology infrastructure.

Member Impact: The extension benefits members who may need additional time for:

  • Vendor coordination and system updates
  • Internal development and testing cycles
  • Quality assurance and user acceptance testing
  • Staff training on revised document ID types

Market Impact: Low to Medium - No immediate market disruption expected. The postponement actually reduces potential operational disruptions by allowing adequate preparation time.

Support Available: BSE Mutual Fund Helpdesk available at 022-45720450/650 and 022-69158550 (Monday-Friday, 8:00 AM to 7:00 PM). Members can also raise queries through BSE CRS portal at https://bsecrs.bseindia.com

Impact Justification

Important operational update for mutual fund members regarding FATCA/CRS compliance system changes, with implementation timeline extension providing adequate preparation time