Description

ICCL reminds all Clearing Members to submit the Half Yearly Networth Certificate as on March 31, 2026 electronically via IEFS by May 31, 2026.

Summary

The Indian Clearing Corporation Ltd. (ICCL) has issued a reminder to all Clearing Members to submit the Half Yearly Networth Certificate as on March 31, 2026. This follows earlier circulars dated April 16, 2026 (No. 20260416-7) and April 24, 2026 (No. 20260424-20). Submission must be completed electronically through the IEFS portal in the prescribed format by May 31, 2026.

Key Points

  • All Clearing Members are required to submit the Half Yearly Networth Certificate as on March 31, 2026.
  • Submission must be made electronically through IEFS (https://iefs.bseindia.in) in the prescribed format.
  • This notice is a reminder following two prior circulars (20260416-7 and 20260424-20).
  • Members must ensure full regulatory compliance by the stated deadline.

Regulatory Changes

No new regulatory changes are introduced. This notice reiterates existing requirements under ICCL circular No. 20260424-20 (April 24, 2026) and ICCL circular No. 20260416-7 (April 16, 2026).

Compliance Requirements

  • Clearing Members must submit the Half Yearly Networth Certificate as on March 31, 2026.
  • Submission must be made electronically via the IEFS portal: https://iefs.bseindia.in
  • The certificate must be submitted in the prescribed format as specified in prior ICCL circulars.

Important Dates

  • Reference Date for Networth Certificate: March 31, 2026
  • Submission Deadline: May 31, 2026
  • Prior Circular 1: April 16, 2026 (No. 20260416-7)
  • Prior Circular 2: April 24, 2026 (No. 20260424-20)
  • Reminder Notice Date: May 15, 2026

Impact Assessment

This circular has a limited, targeted impact affecting only Clearing Members registered with ICCL. There is no direct effect on trading operations, listed securities, or the broader market. Non-compliant members risk regulatory action from ICCL. The electronic submission requirement via IEFS streamlines the process, but members who have not yet complied must act promptly before the May 31, 2026 deadline.

Impact Justification

Routine compliance reminder directed at Clearing Members with a firm deadline of May 31, 2026; no market-wide trading or listing impact, but non-compliance carries regulatory risk for affected members.