Description
List of international holidays in 2026 on which institutional trades not confirmed by custodians will not attract penalties for T+1 settlement confirmation.
Summary
BSE has notified trading members and custodians of 11 international holidays in 2026 on which institutional trades not confirmed by custodians will not attract penalties. This applies to settlements where the custodian confirmation day (T+1) falls on these specified international holidays.
Key Points
- Circular issued in continuation of Notice No. 20231109_08 dated November 09, 2023
- References SEBI circular on discontinuation of Hand Delivery Bargains/Delivery versus Payment
- 11 international holidays identified for 2026
- Penalty exemption applies when T+1 custodian confirmation day falls on these holidays
- Applicable to institutional trades requiring custodian confirmation
International Holidays 2026
- Thursday, January 01, 2026
- Monday, January 19, 2026
- Monday, February 16, 2026
- Monday, May 25, 2026
- Friday, June 19, 2026
- Friday, July 03, 2026
- Monday, September 07, 2026
- Monday, October 12, 2026
- Wednesday, November 11, 2026
- Thursday, November 26, 2026
- Friday, December 25, 2026
Compliance Requirements
- Trading members and custodians should note the specified international holidays
- No penalties will be levied for non-confirmation of institutional trades when T+1 day falls on these holidays
- Exemption applies only to settlements with custodian confirmation day scheduled on the listed international holidays
Important Dates
- Notice Date: December 30, 2025
- Applicable Period: Calendar year 2026
- Reference Circulars: Exchange Notice Nos. 20050914-19 and 20050919-25 (September 14 and 19, 2005)
Impact Assessment
This is an administrative notice with minimal market impact. It provides clarity to trading members and custodians on penalty exemptions for the upcoming year, ensuring smooth settlement operations when international holidays affect custodian confirmation timelines. The circular maintains continuity with existing settlement practices and does not introduce new requirements or restrictions.
Impact Justification
Administrative circular listing international holidays for penalty exemptions on custodian confirmations. Does not affect trading operations or introduce new compliance requirements.