Description
ICCL has implemented Multi-Factor Authentication (MFA) for all users accessing its Electronic Filing System (IEFS). Clearing Members are advised to read the attached user manual before accessing the platform.
Summary
The Indian Clearing Corporation Limited (ICCL) has implemented Multi-Factor Authentication (MFA) for all users logging into its Electronic Filing System (IEFS). Clearing Members must follow the updated login procedure detailed in the attached user manual before accessing the platform.
Key Points
- MFA is now mandatory for all users at ICCL’s IEFS login.
- A user manual describing the new access procedure is attached to the notice.
- Members are advised to read the manual carefully before attempting to log in.
- The IEFS platform is accessible at: https://iefs.bseindia.in/
Regulatory Changes
No changes to trading or settlement regulations. This notice reflects an operational/security enhancement to the IEFS platform login process, making MFA compulsory for all Clearing Members.
Compliance Requirements
- All Clearing Members must use Multi-Factor Authentication when logging into IEFS going forward.
- Members should review the attached user manual prior to accessing the system to ensure compliance with the updated login procedure.
Important Dates
- Effective Date: 28 April 2026 (MFA already implemented as of notice date).
Impact Assessment
This change affects all Clearing Members who access ICCL’s IEFS platform. The mandatory MFA requirement introduces an additional authentication step at login, enhancing platform security. Members unfamiliar with MFA should review the user manual to avoid access disruptions. For assistance, members may contact the ICCL Membership team at iccl.membership@icclindia.com or call 022-2272 5825 / 5671 / 8365.
Impact Justification
Operational change requiring action from all Clearing Members who use IEFS; MFA is a mandatory security upgrade affecting login procedures, but does not alter trading rules or market structure.