Description

BSE publishes the annual calendar for quarterly and monthly settlement of running account of clients' funds lying with trading members for financial year 2026-27.

Summary

BSE has released the annual calendar for settlement of running account of clients’ funds lying with trading members for the financial year 2026-27. The calendar provides specific dates for both quarterly and monthly settlement cycles, scheduled on Fridays and/or Saturdays throughout the year.

Key Points

  • Settlement calendar covers FY 2026-27 (April 2026 to March 2027)
  • Two settlement options available: Quarterly and Monthly
  • All settlement dates fall on Friday and/or Saturday
  • Quarterly settlements scheduled at end of each quarter
  • Monthly settlements scheduled early in the following month

Compliance Requirements

  • Trading members must settle clients’ running account funds as per the published calendar
  • Members can choose between quarterly or monthly settlement frequency
  • Settlement must be completed on the designated dates (Friday and/or Saturday of the specified period)

Important Dates

Quarterly Settlement Dates (FY 2026-27)

  • Q1 (April-June 2026): 17th &/or 18th April 2026
  • Q2 (July-September 2026): 3rd &/or 4th July 2026
  • Q3 (October-December 2026): 16th &/or 17th October 2026
  • Q4 (January-March 2027): 1st &/or 2nd January 2027

Monthly Settlement Dates (FY 2026-27)

  • April 2026: 17th &/or 18th April 2026
  • May 2026: 15th &/or 16th May 2026
  • June 2026: 5th &/or 6th June 2026
  • July 2026: 3rd &/or 4th July 2026
  • August 2026: 7th &/or 8th August 2026
  • September 2026: 4th &/or 5th September 2026
  • October 2026: 16th &/or 17th October 2026
  • November 2026: 6th &/or 7th November 2026
  • December 2026: 4th &/or 5th December 2026
  • January 2027: 1st &/or 2nd January 2027
  • February 2027: 5th &/or 6th February 2027
  • March 2027: 5th &/or 6th March 2027

Impact Assessment

This circular provides operational clarity for trading members to plan their settlement activities for the entire financial year. The pre-announced calendar ensures trading members can schedule their internal processes and client communication regarding fund settlements. The flexibility of weekend settlement dates (Friday/Saturday) minimizes disruption to trading activities while ensuring regulatory compliance with client fund settlement requirements.

Impact Justification

Annual calendar notification for regulatory settlement procedures affecting all trading members; operational requirement with fixed timelines for FY 2026-27