Description

BSE has published the client margin reporting schedule for Equity segment for February 2026, specifying trade dates, last dates for margin reporting, and penalty dates for trading members.

Summary

BSE (Indian Clearing Corporation Limited) has issued the client margin reporting schedule for the Equity segment for February 2026. This circular (Notice No 20260203-23) provides trading members with specific deadlines for margin reporting and corresponding penalty dates for trades executed during February 2026.

Key Points

  • Schedule covers equity trades from February 1, 2026 to February 27, 2026
  • Margin reporting deadline is typically 5 business days after trade date
  • Penalty date follows 1 business day after margin reporting deadline
  • Extended timelines account for weekends and market holidays
  • Applicable to all trading members in the Equity segment

Regulatory Changes

No regulatory changes introduced. This is a routine monthly schedule for margin reporting compliance under existing Settlement/RMS framework.

Compliance Requirements

Trading Members Must:

  • Submit client margin reports by the specified “Last Date for Margin Reporting” for each trade date
  • Ensure timely compliance to avoid penalties that become applicable from the “Penalty Date”
  • Track reporting deadlines for all equity segment trades executed in February 2026

Important Dates

Sample Key Deadlines:

  • Trade Date: February 1, 2026 → Reporting Deadline: February 6, 2026 → Penalty Date: February 9, 2026
  • Trade Date: February 10, 2026 → Reporting Deadline: February 17, 2026 → Penalty Date: February 18, 2026
  • Trade Date: February 20, 2026 → Reporting Deadline: February 27, 2026 → Penalty Date: March 2, 2026
  • Trade Date: February 27, 2026 → Reporting Deadline: March 9, 2026 → Penalty Date: March 10, 2026

Note: Complete schedule includes all trading days in February 2026 with corresponding deadlines extending into early March 2026.

Impact Assessment

Operational Impact: Medium - Affects daily compliance operations for all trading members in the equity segment. Requires proper internal tracking systems to meet reporting deadlines.

Market Impact: Low - Routine operational schedule with no impact on trading activities or market structure.

Compliance Impact: Medium - Non-compliance with reporting deadlines results in penalties. Trading members must ensure robust margin reporting processes are in place for the specified dates.

Impact Justification

Routine operational schedule for margin reporting compliance by trading members. Impacts all equity segment participants with specific deadlines for February 2026.