Description

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

Summary

BSE has released the client margin reporting schedule for the Equity Derivatives segment for February 2026. The circular specifies the trade dates, corresponding last dates for margin reporting, and penalty dates. Members are required to report client margins within the specified timeframe to avoid penalties. The schedule covers trading days from February 1, 2026, to February 27, 2026, with reporting deadlines extending into early March 2026.

Key Points

  • Margin reporting schedule applies to Equity Derivatives segment only
  • Schedule covers February 2026 trade dates
  • Members have approximately 5 business days from trade date to submit margin reports
  • Penalty dates are one business day after the last margin reporting date
  • Notice issued by Indian Clearing Corporation Limited (ICCL)
  • Notice Number: 20260203-24
  • Category: Settlement/RMS

Regulatory Changes

No regulatory changes announced. This is a routine operational schedule notification.

Compliance Requirements

  • Trading members must submit client margin reports for Equity Derivatives trades by the specified “Last Date for Margin Reporting”
  • Failure to report by the deadline will result in penalties being applied on the “Penalty Date”
  • Members should ensure internal processes are aligned with the published schedule
  • Reporting obligations apply to all trades executed in the Equity Derivatives segment during February 2026

Important Dates

February 2026 Trading Period:

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

Key Reporting Windows:

  • Trades from Feb 1-6: Reports due Feb 6-13
  • Trades from Feb 9-13: Reports due Feb 16-20
  • Trades from Feb 16-20: Reports due Feb 23-27
  • Trades from Feb 23-27: Reports due Mar 2-10

Note: Reporting deadlines extend beyond the trade month due to business day calculations and weekend gaps.

Impact Assessment

Operational Impact: Medium - Trading members and clearing members must ensure their back-office systems and compliance teams are prepared to meet the specified reporting deadlines. Non-compliance results in penalties.

Market Impact: Low - This is a routine administrative schedule that does not affect trading operations, margin requirements, or market structure. It pertains only to the timing of post-trade reporting obligations.

Compliance Impact: Medium - Members must update their compliance calendars and ensure adequate resources are allocated for timely margin reporting throughout February 2026. The schedule provides clear deadlines to facilitate planning and avoid penalties.

Impact Justification

Routine operational schedule for margin reporting with specific deadlines. Important for trading members to comply with reporting requirements and avoid penalties, but does not change market rules or affect trading.