Description

NSE introduces bulk upload facility for cancellation of Authorised Person registrations through ENIT Portal to ease compliance processes for members.

Summary

NSE has launched a new facility enabling members to bulk cancel Authorised Person (AP) registrations through the ENIT Portal. This functionality allows members to upload multiple AP cancellation requests simultaneously via ENIT→Compliance→Authorised Person→Applications→Cancellation Bulk Request. The facility is available for all AP cancellations except those on disciplinary grounds, and submitted requests will be automatically processed without modification options.

Key Points

  • Bulk cancellation facility now available through ENIT Portal for Authorised Persons
  • Access path: ENIT→Compliance→Authorised Person→Applications→Cancellation Bulk Request
  • Functionality available for AP cancellations on any reason except disciplinary grounds
  • User manual provided in Annexure A with step-by-step guidance
  • Automatic processing upon submission - no modifications allowed after submission
  • Template file naming convention: APCANCELLATION
  • Documents must be saved with AP PAN number in ZIP folder named
  • Response file generated for review and corrections if needed

Regulatory Changes

No regulatory changes. This is a procedural enhancement to existing AP management processes.

Compliance Requirements

  • Members must ensure correctness of AP details before uploading (AP PAN, segments, reason for cancellation)
  • Select cancellation reasons only from dropdown provided in template
  • Save supporting documents with AP PAN number
  • Create ZIP folder with member code for document upload
  • Accept all terms and conditions via declaration box before submission
  • Review response file for remarks and re-upload corrected file if required
  • No application will be created until success file is generated

Important Dates

  • Effective Date: October 10, 2025 (circular date - facility launched)

Impact Assessment

Operational Impact: Positive - significantly improves operational efficiency for members managing multiple Authorised Persons by enabling bulk processing instead of individual cancellation requests.

Member Impact: Medium - streamlines compliance workflows and reduces administrative burden for brokers with large AP networks. Time savings in processing multiple cancellations simultaneously.

Support: Helpdesk available at 1800 266 0050 (IVR option 3) or memcompliance_support@nse.co.in for assistance.

Impact Justification

Process improvement for member operations. Medium impact as it streamlines AP cancellation workflow but doesn't affect trading or market operations directly.