Description

NSE revises the STP IFN515 format by modifying the remarks for Mandatory Subsequence D3 (Amounts) column 19A to include 'other permissible charges' alongside brokerage, following ISF discussions and SEBI consultation.

Summary

NSE has revised the STP IFN515 (ISO MT515) format used by trading members for contract note uploads. The change modifies the remarks field for Mandatory Subsequence D3 (Amounts), column 19A, expanding the description from “To identify the brokerage” to “To identify the brokerage and other permissible charges”. This revision follows deliberations in the Broker’s Industry Standards Forum (ISF) and consultation with SEBI, and supersedes the earlier contract note format circular NSE/INSP/64389 dated October 04, 2024.

Key Points

  • Circular reference: NSE/INSP/73521, Circular Ref. No. 10/2026, dated March 27, 2026
  • The STP IFN515 (CN-ISO MT515) format has been revised
  • Only the remarks for Mandatory Subsequence D3 (Amounts), column 19A are changed
  • Old remark: “To identify the brokerage”
  • New remark: “To identify the brokerage and other permissible charges”
  • Revised format is attached as Annexure I to the circular
  • All members are advised to take note of the change

Regulatory Changes

The remarks field in column 19A of Mandatory Subsequence D3 (Amounts) in the STP IFN515 format has been updated to explicitly include “other permissible charges” in addition to brokerage. This aligns the format with current charge disclosure requirements discussed in the ISF and approved in consultation with SEBI.

Compliance Requirements

  • All NSE members must update their STP IFN515 contract note upload format to reflect the revised column 19A remarks
  • Members should refer to Annexure I of the circular for the complete updated format
  • For clarifications, members may contact NSE regional offices (Ahmedabad, Chennai, Delhi, Kolkata, Mumbai) or the Central Help Desk at compliance_assistance@nse.co.in

Important Dates

  • Circular Date: March 27, 2026
  • No explicit effective date or deadline is mentioned; members are advised to take note and implement accordingly

Impact Assessment

This is a minor technical update to the STP IFN515 format with limited operational impact. Trading members and their back-office/settlement systems that generate or upload contract notes in the ISO MT515 format will need to update the remarks field for column 19A. There is no impact on trading, market operations, or listed securities. The change improves transparency by explicitly acknowledging permissible charges beyond brokerage in the contract note format.

Impact Justification

Technical format update to STP IFN515 with a minor wording change in column 19A remarks; no trading restrictions, listing changes, or broad market impact involved.