Description

NSE Clearing directs members to migrate segregated client collateral reporting to new NCL portal starting August 28, 2025.

Summary

NSE Clearing Limited has mandated the migration of segregated client collateral reporting from the existing portal to a new NCL portal (https://ims.connect2nsccl.com/NCLMemberPortal/). Members must begin using the new portal for reports starting from trade date August 28, 2025, with a transition period allowing dual reporting until September 12, 2025.

Key Points

Regulatory Changes

  • Migration from existing portal to new NCL portal for segregated client collateral reporting
  • Discontinuation of old portal submissions after September 15, 2025 trade date
  • Enhanced portal infrastructure for compliance reporting

Compliance Requirements

  • Clear all segregated client collateral reports through new NCL portal starting August 28, 2025
  • Reset admin passwords and create sub-users as per Annexure 1 process
  • Continue dual reporting during transition period (August 28 - September 12, 2025)
  • Report technical issues with specific subject line format and screenshots
  • Maintain existing processes for penalty display and review requests

Important Dates

  • August 28, 2025: Start date for new portal reporting (due date August 29, 2025)
  • August 28 - September 12, 2025: Transition period allowing dual portal reporting
  • September 15, 2025: Final date - old portal submissions discontinued

Impact Assessment

  • Operational Impact: Medium - requires system migration and user training but with adequate transition period
  • Compliance Impact: Medium - mandatory migration with clear timelines and support structure
  • Business Continuity: Low risk - dual reporting period ensures smooth transition
  • Technical Requirements: Members need to reset credentials and configure sub-users for new portal access

Impact Justification

Operational change requiring system migration but with transition period provided