Description

BSE announces the client margin reporting schedule for Equity segment trades in February 2026, detailing last dates for margin reporting and penalty dates for each trade date.

Summary

BSE has released the client margin reporting schedule for the Equity segment for February 2026. The circular provides specific deadlines for margin reporting corresponding to each trade date, along with penalty dates for non-compliance. Trading members must submit client margin reports within the specified timeframes to avoid penalties.

Key Points

  • Schedule covers all equity trade dates from February 1-27, 2026
  • Last date for margin reporting is typically 5 business days after trade date
  • Penalty dates are set 1 business day after the margin reporting deadline
  • Schedule accounts for weekends and adjusts reporting timelines accordingly
  • Issued by Indian Clearing Corporation Limited

Regulatory Changes

No regulatory changes introduced. This is a standard monthly operational schedule consistent with existing margin reporting requirements.

Compliance Requirements

  • Trading members must submit client margin reports by the specified “Last Date for Margin Reporting” for each trade date
  • Failure to report within deadline will result in penalties being applied on the “Penalty Date”
  • Members should ensure their reporting systems are updated with these deadlines
  • Schedule must be incorporated into member firms’ compliance calendars

Important Dates

February 2026 Trade Coverage:

  • First trade date: February 1, 2026 (reporting due: February 6, 2026)
  • Last trade date: February 27, 2026 (reporting due: March 10, 2026)

Key Extended Deadlines:

  • February 20 trades: reporting due March 2 (extended due to weekend)
  • February 23 trades: reporting due March 4 (extended due to holidays)

Penalty Application:

  • Penalties apply one business day after each reporting deadline if submission is not completed

Impact Assessment

Operational Impact: Medium - Trading members and clearing members must ensure their margin reporting systems and processes are aligned with these deadlines. This is a routine compliance requirement but requires operational coordination.

Market Impact: Low - This is a standard operational schedule with no changes to margin calculation methodology or reporting requirements. Does not affect trading activity or market liquidity.

Member Firms: Must update internal compliance calendars and automated reporting systems with these specific dates to avoid penalties for late reporting.

Impact Justification

Routine operational schedule affecting all trading members' margin reporting obligations. Critical for compliance but standard monthly schedule with no policy changes.