Description

BSE extends the implementation date for revised FATCA/CRS document ID types on StAR MF platform from December 2, 2025 to December 16, 2025.

Summary

BSE has postponed the implementation of revised FATCA/CRS document ID types on the BSE StAR MF platform. The implementation originally scheduled for post market hours on December 2, 2025 has been extended to December 16, 2025. This change applies to revised document ID types received from both RTAs as per Annexure II referenced in the earlier notice dated November 3, 2025.

Key Points

  • Implementation date extended from December 2, 2025 to December 16, 2025
  • Changes will be implemented post market hours on December 16, 2025
  • Applies to revised document ID types from both RTAs
  • References earlier Notice No. 20251103-46 dated November 3, 2025
  • Members using third-party vendor solutions or in-house trading applications must initiate necessary development
  • BSE StAR MF platform update affects FATCA/CRS information handling

Regulatory Changes

Revised FATCA/CRS document ID type structure as per Annexure II (referenced from November 3, 2025 notice) will be activated on the BSE StAR MF platform. This represents an update to the existing FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) compliance framework for mutual fund transactions.

Compliance Requirements

For All Members:

  • Take note of the revised implementation timeline
  • Members using third-party vendor solutions must coordinate with vendors for necessary system updates
  • Members with in-house developed trading applications must initiate required development work
  • Ensure readiness for go-live on December 16, 2025

Support Available:

  • Mutual Fund Helpdesk: 022-45720450/650 and 022-69158550
  • Operating hours: 8:00 AM to 7:00 PM on business days
  • CRS portal for queries: https://bsecrs.bseindia.com

Important Dates

  • December 1, 2025: Notice date announcing implementation delay
  • December 2, 2025: Original implementation date (now postponed)
  • December 16, 2025: New implementation date post market hours
  • November 3, 2025: Reference date for original notice (20251103-46) with Annexure II details

Impact Assessment

Operational Impact:

  • Extension provides additional two weeks for members to complete system changes
  • Reduces risk of implementation issues and trading disruptions
  • Affects all members trading on BSE StAR MF platform
  • Third-party vendors and in-house IT teams get more preparation time

Market Impact:

  • No direct impact on mutual fund trading or investor transactions
  • Ensures smoother transition with lower probability of technical issues
  • Maintains continuity of mutual fund operations

Compliance Impact:

  • Enhanced FATCA/CRS compliance framework for better regulatory reporting
  • Aligns with international tax compliance standards
  • Improved data quality for tax information exchange

Impact Justification

Implementation timeline extension for FATCA/CRS document ID updates affects mutual fund members and third-party vendors requiring system changes, but provides additional preparation time reducing immediate operational disruption.