Description
NSE circular requiring trading members to update FATF compliance actions in ENIT New Compliance module by August 20, 2025.
Summary
NSE has issued a circular requiring all trading members to update their FATF (Financial Action Task Force) compliance actions in the ENIT New Compliance module following the June 2025 FATF Plenary statement on jurisdictions under call for action and increased monitoring.
Key Points
- Follow-up to previous circular NSE/ISC/69223 dated July 21, 2025
- Members must update actions taken in prescribed format in FATF module
- Option to select ’not applicable’ if requirements don’t apply
- User manual provided as Annexure A with detailed procedures
- Non-compliance will result in penal charges and disciplinary actions
Regulatory Changes
No new regulatory changes introduced - this is an implementation circular for existing FATF compliance requirements based on June 2025 FATF Plenary outcomes.
Compliance Requirements
- All NSE trading members must update FATF compliance actions in ENIT New Compliance module
- Use prescribed format in FATF module
- Submit declaration even if marking as ’not applicable'
- Follow procedures outlined in attached user manual
- Ensure timely submission to avoid penalties
Important Dates
- Submission Deadline: Wednesday, August 20, 2025
- Reference Circular Date: July 21, 2025 (NSE/ISC/69223)
- Penalty Framework: As per circular NSE/INSP/53530 dated September 2, 2022
Impact Assessment
Medium impact on trading members requiring administrative action to update compliance status. Failure to comply by deadline will result in penalties and potential disciplinary action. All trading members across NSE network must take action regardless of applicability of FATF requirements to their specific operations.
Impact Justification
Mandatory compliance requirement for all trading members with specific deadline and penalty implications