Description

NSE directs trading members to update FATF compliance actions in ENIT New Compliance module by April 23, 2026, following the February 2026 FATF Plenary on jurisdictions under increased monitoring.

Summary

NSE has issued a follow-up circular (NSE/INSP/73560) requiring all trading members to submit their FATF compliance actions in the ENIT New Compliance portal by April 23, 2026. This follows the earlier circular NSE/ISC/73327 dated March 17, 2026, related to the FATF February 2026 Plenary on jurisdictions subject to call for action and increased monitoring.

Key Points

  • All trading members must log actions taken in the FATF module under ENIT New Compliance portal
  • Members with no applicable data may submit a ‘Not Applicable’ declaration
  • Proprietary trading-only members can submit a “One Time Declaration” instead of full data submission
  • Non-compliance or late submission will attract penal charges or disciplinary action per circular NSE/INSP/70746 dated October 10, 2025
  • A detailed user manual (Annexure A) is attached to guide members through the submission process

Regulatory Changes

No new regulatory framework introduced. This circular operationalizes the compliance reporting requirement from the February 2026 FATF Plenary, which identified jurisdictions under call for action and increased monitoring for anti-money laundering (AML) and counter-terrorism financing (CFT) deficiencies.

Compliance Requirements

  • All Trading Members must log into the NSE Member Portal (connect2nse.com or enit.nseindia.com)
  • Navigate to: ENIT New Compliance → Compliance → FATF → Member Submission
  • Proprietary trading members (no client data): Submit “One Time Declaration”
  • Other members: Submit data via “Data Submission” tab — select applicable countries, fill required details, generate PDF, digitally sign, and upload the signed PDF
  • Naming convention for uploaded documents must follow the system-generated file name format

Important Dates

  • April 23, 2026 (Thursday): Deadline for submission of FATF compliance actions in ENIT New Compliance
  • March 17, 2026: Reference circular NSE/ISC/73327 issued on FATF February 2026 Plenary
  • October 10, 2025: Penal charges framework established via NSE/INSP/70746

Impact Assessment

This circular has moderate operational impact on NSE trading members, requiring them to complete a compliance filing within a defined window. Members dealing with clients in FATF-flagged jurisdictions will need to document specific actions taken. Failure to comply by April 23, 2026 risks disciplinary action. No direct market trading or price impact is expected. The circular affects back-office and compliance teams of all NSE trading members.

Impact Justification

Routine compliance submission requirement for trading members regarding FATF jurisdictions; no market-wide trading or listing impact, but non-compliance attracts penal charges.