Description

BSE announces the client margin reporting schedule for Equity Derivatives segment for February 2026, specifying trade dates, last dates for margin reporting, and penalty dates.

Summary

BSE has released the client margin reporting schedule for the Equity Derivatives segment for February 2026. The circular provides a comprehensive table mapping trade dates to their corresponding last dates for margin reporting and penalty dates. Members must report client margins within the specified timelines to avoid penalties.

Key Points

  • Margin reporting schedule covers all trading days in February 2026
  • Last date for margin reporting is typically 5 business days after the trade date
  • Penalty date is 1 business day after the last reporting date
  • Schedule accounts for weekends and public holidays
  • Issued by Indian Clearing Corporation Limited
  • Notice Number: 20260203-24
  • Category: Settlement/RMS

Regulatory Changes

No regulatory changes introduced. This is a routine monthly schedule announcement.

Compliance Requirements

  • Members must submit client margin reports by the specified “Last Date for Margin Reporting” for each trade date
  • Failure to report by the last date will result in penalties being applied on the “Penalty Date”
  • Compliance applies to all members trading in the Equity Derivatives segment
  • Reporting must follow existing BSE and Indian Clearing Corporation Limited guidelines

Important Dates

February 2026 Trading Schedule (Selected Examples):

  • Trade Date: 01-02-2026 → Last Reporting: 06-02-2026 → Penalty: 09-02-2026
  • Trade Date: 13-02-2026 → Last Reporting: 20-02-2026 → Penalty: 23-02-2026
  • Trade Date: 27-02-2026 → Last Reporting: 09-03-2026 → Penalty: 10-03-2026

Note: Full schedule covering all 20 trading days in February 2026 is provided in the circular.

Impact Assessment

Operational Impact: Medium - Affects daily operations of all brokers and clearing members trading in equity derivatives. Requires timely submission of client margin data.

Market Impact: Low - This is a standard administrative process that does not affect market trading or pricing.

Compliance Impact: Medium - Non-compliance results in penalties. Members must ensure proper systems and processes are in place to meet reporting deadlines.

Target Audience: All BSE members and clearing participants active in the Equity Derivatives segment.

Impact Justification

Routine monthly schedule for client margin reporting affecting all equity derivatives traders and brokers. Critical for compliance but standard operational procedure.