Description

BSE issues user manual for Trading Members to submit quarterly Software as a Service (SaaS) reports through the BEFS portal using Microsoft Edge.

Summary

BSE has issued a comprehensive user manual for Trading Members to submit their Software as a Service (SaaS) usage reports through the BSE Electronic Filing System (BEFS). The manual provides step-by-step instructions for quarterly SaaS submissions, whether members are using SaaS services or not.

Key Points

  • Trading Members must submit SaaS reports through BEFS portal on a periodic basis
  • Mandatory to use Microsoft Edge browser for SaaS submissions
  • Members must declare whether they are using SaaS services or not
  • Multiple SaaS service entries can be added in a single submission
  • Submitted reports can be viewed through SAAS > View SAAS Report section
  • System requires Microsoft Excel 2007 or above

Regulatory Changes

No regulatory changes introduced. This is a procedural advisory providing technical guidance on existing SaaS reporting requirements for financial sector organizations and trading members.

Compliance Requirements

For Trading Members:

  1. Login Requirements: Access BEFS portal using Microsoft Edge browser only
  2. Submission Process: Navigate to SaaS > Submission section
  3. Declaration: Select submission period and indicate SaaS usage (Yes/No)
  4. If Using SaaS Services:
    • Fill required details for each SaaS service
    • Use ‘Save’ button to add multiple service entries
    • Click ‘Submit’ to complete submission
  5. If Not Using SaaS Services:
    • Select ‘No’ option
    • Provide remarks/comments
    • Submit declaration
  6. Verification: Confirmation message “SAAS Submission has been successfully submitted” will appear
  7. Record Keeping: View submitted reports via SAAS > View SAAS Report

Important Dates

No specific dates mentioned. Submissions are required on a periodic basis as per the selected submission period in the BEFS portal.

Impact Assessment

Operational Impact: Medium - Trading Members need to ensure they have the correct technical setup (Microsoft Edge browser, Excel 2007+) and follow the prescribed submission workflow.

Market Impact: Low - This is a procedural compliance requirement with no direct market trading implications.

Technology Impact: Trading firms using SaaS solutions must maintain accurate records of their service providers and be prepared to report quarterly through the BEFS system. The browser restriction to Microsoft Edge may require adjustments to current workflows.

Impact Justification

Procedural guidance for trading members on mandatory SaaS reporting requirements through BEFS portal. Impacts operational compliance but is routine reporting process.