Description
Modified schedule for client collateral segregation reporting due to special live trading session on Sunday, February 1, 2026 for Union Budget presentation.
Summary
Indian Clearing Corporation Limited (ICCL) has issued a modified schedule for client collateral segregation reporting to accommodate the special live trading session on Sunday, February 1, 2026, coinciding with the Union Budget presentation. Clearing members must adhere to the revised cut-off dates for reporting, with penalties applicable for non-compliance.
Key Points
- Special live trading session scheduled for Sunday, February 1, 2026 due to Union Budget presentation
- Modified reporting schedule applies to clearing members for client collateral segregation
- Non-submission of reports will be treated as non-compliance with applicable penalties
- Issued by Indian Clearing Corporation Limited (ICCL)
Regulatory Changes
No permanent regulatory changes. This is a temporary operational adjustment to accommodate the special trading session on Union Budget day.
Compliance Requirements
All Clearing Members must:
- Submit client collateral segregation reports according to the revised schedule
- Ensure timely compliance to avoid penalties for non-submission
- Contact iccl.membership@icclindia.com for clarifications
Revised Reporting Schedule:
| Trade Date | Cut Off Date |
|---|---|
| 30th January 2026 | 02nd February 2026 |
| 31st January 2026 | 02nd February 2026 |
| 01st February 2026 | 02nd February 2026 |
| 02nd February 2026 | 03rd February 2026 |
Important Dates
- January 28, 2026: Notice date
- January 30, 2026: First trade date under modified schedule
- February 1, 2026: Special live trading session (Union Budget presentation)
- February 2, 2026: Cut-off date for reporting trades from January 30-31 and February 1
- February 3, 2026: Cut-off date for reporting trades from February 2
Impact Assessment
Market Impact: Low - Routine operational adjustment for special trading session
Operational Impact: Medium - Clearing members must adjust their internal reporting schedules to comply with modified cut-off dates
Compliance Impact: Medium - Non-compliance will result in penalties as per existing circular provisions. Members need to ensure their systems and processes accommodate the Sunday trading session and consolidated reporting deadlines for multiple trade dates on February 2, 2026.
Impact Justification
Operational schedule change affecting clearing members' reporting obligations due to special Sunday trading session. Non-compliance attracts penalties.