Description
NSE reminds all trading members to submit mandatory Risk Based Supervision (RBS) data for H1 FY2025-26 by November 30, 2025, with penalties for non-compliance.
Summary
NSE has issued a reminder to all trading members regarding the mandatory submission of Risk Based Supervision (RBS) data for the period April 01, 2025 to September 30, 2025. The submission must be completed electronically through the Inspection module in the Member Portal on or before November 30, 2025. Non-compliance will result in penal charges and disciplinary action as per Exchange Circular No. NSE/INSP/70746 dated October 10, 2025.
Key Points
- RBS data submission is mandatory for all active trading members (those who executed even a single trade during April 01, 2025 - September 30, 2025)
- Submission must be made electronically through the Inspection module in the Member Portal
- Original requirement was communicated via Exchange circular NSE/INSP/70591 dated October 03, 2025
- Penal charges and disciplinary action will be imposed for non-compliance
- Penalties are prescribed in Annexure 1.2 of Exchange Circular No. NSE/INSP/70746 dated October 10, 2025
- Regional offices and central help desk contact details provided for clarifications
Regulatory Changes
No new regulatory changes introduced. This is a reminder circular for existing RBS data submission requirements.
Compliance Requirements
- Who: All active trading members of NSE who executed at least one trade during April 01, 2025 - September 30, 2025
- What: Submit Risk Based Supervision (RBS) data for the half-year ended September 30, 2025
- How: Electronic submission through the Inspection module in the Member Portal
- Consequences: Non-submission will attract penal charges and disciplinary action as per Exchange regulations
Important Dates
- Reporting Period: April 01, 2025 - September 30, 2025 (H1 FY2025-26)
- Submission Deadline: November 30, 2025
- Original Circular Date: October 03, 2025 (NSE/INSP/70591)
- Penalty Framework Circular: October 10, 2025 (NSE/INSP/70746)
Impact Assessment
Operational Impact: High - All active trading members must allocate resources to compile and submit RBS data before the deadline. Members need to ensure data accuracy and completeness to avoid penalties.
Compliance Impact: High - Mandatory submission with strict enforcement. Non-compliance results in financial penalties and potential disciplinary action that could affect trading privileges.
Market Impact: Low - Administrative requirement affecting member firms internally; no direct impact on trading operations or market participants.
Contact Information
Members requiring clarification can contact NSE regional offices:
- Ahmedabad: inspectionahm@nse.co.in | 079-65278024/55
- Chennai: inspection_cro@nse.co.in | 044-66309915/17
- Delhi: delhi_inspection@nse.co.in | 011-23459146/127/144/147
- Kolkata: inspection_kolkata@nse.co.in | 033-40400412/59
- Mumbai: compliance_wro@nse.co.in | 022-61928200
- Central Help Desk: compliance_assistance@nse.co.in
Impact Justification
Mandatory submission with strict deadline and penalties for non-compliance. Affects all active trading members who executed trades during the specified period.