Description

BSE consolidates all previous Surveillance department circulars for the Currency Derivatives and IRD Segments into a single master circular for easy reference.

Summary

BSE has issued a Master Circular consolidating all previous circulars issued by the Surveillance department pertaining to the Currency Derivatives and Interest Rate Derivatives (IRD) Segments. This master circular serves as a single reference document for all policy and operational matters related to surveillance in these segments.

Key Points

  • All previous Surveillance department circulars for Currency Derivatives and IRD Segments are consolidated into this single master circular.
  • Actions taken or things done under the rescinded guidelines prior to this master circular remain valid and unaffected.
  • Rights, privileges, obligations, liabilities, penalties, investigations, and legal proceedings under the rescinded guidelines continue to remain in effect.
  • The circular is available on the BSE website under Members > Information for Members.
  • Members can contact BSE Surveillance at 022-2272 3030 or bse.surv@bseindia.com for clarifications.

Regulatory Changes

This circular does not introduce new regulations. It consolidates existing Surveillance department circulars for the Currency Derivatives and IRD Segments into one master document. The rescission of prior individual circulars does not nullify any actions, rights, or obligations that arose under those circulars.

Compliance Requirements

  • Members operating in the Currency Derivatives and IRD Segments should refer to this master circular as the primary reference for surveillance-related policy and operational matters.
  • No new compliance obligations are introduced; existing obligations under previously rescinded circulars remain in force as described in the master circular.

Important Dates

  • Circular Date: 30 April 2026
  • No specific future deadlines are mentioned; this is a consolidation effective from the date of issuance.

Impact Assessment

This master circular has moderate operational impact for exchange members active in the Currency Derivatives and IRD Segments. By consolidating all surveillance guidelines into one document, it simplifies reference and reduces compliance complexity. No new obligations are created, and the continuity clause ensures that past actions and proceedings remain valid. Primarily relevant to trading members and compliance officers in these segments.

Impact Justification

This is a consolidation circular that brings together existing surveillance guidelines for Currency Derivatives and IRD segments into one document. It does not introduce new regulations but serves as the definitive reference, making it operationally important for members active in these segments.