Description
NSE Clearing announces transaction holiday on January 15, 2026 for Securities Lending & Borrowing Scheme due to Municipal Corporation Election in Maharashtra.
Summary
NSE Clearing Limited has notified that Wednesday, January 15, 2026 will be a transaction holiday for the Securities Lending & Borrowing Scheme (SLBS) on account of Municipal Corporation Election in Maharashtra. This is a partial modification to the earlier circular dated December 12, 2025.
Key Points
- Transaction holiday declared for SLBS on January 15, 2026
- Reason: Municipal Corporation Election in Maharashtra
- Issued by NSE Clearing Limited - Securities Lending & Borrowing Scheme Department
- Circular Reference: 006/2026
- Download Reference: NCL/CMPT/72268
- Modifies earlier circular NCL/CMPT/71789 dated December 12, 2025
- References Exchange circular NSE/CMTR/72260 dated January 12, 2026
Regulatory Changes
This circular partially modifies the earlier notification (NCL/CMPT/71789) dated December 12, 2025 regarding the holiday calendar for SLBS operations.
Compliance Requirements
- All Participants and Custodians in SLBS must note the transaction holiday
- No SLBS transactions will be processed on January 15, 2026
- Participants should plan their securities lending and borrowing activities accordingly
Important Dates
- Circular Issue Date: January 12, 2026
- Transaction Holiday: January 15, 2026 (Wednesday)
Impact Assessment
The transaction holiday specifically affects the Securities Lending & Borrowing Scheme segment. Participants and custodians will be unable to execute SLBS transactions on January 15, 2026. This is a localized impact related to Maharashtra state elections and affects only SLBS operations while other market segments may operate differently as per their respective circulars. Market participants should adjust their securities lending and borrowing strategies to account for this one-day closure.
Impact Justification
Transaction holiday affects SLBS operations for one day due to state election. Medium impact as it affects specific segment participants and custodians.