Description

NSE requires trading members with Margin Trading Facility approval to submit compliance certificates by April 30, 2026, either via CA-audited certificate or self-certified declaration through the ENIT portal.

Summary

NSE has issued a circular directing all trading members who have obtained approval for Margin Trading Facility (MTF) to submit their compliance certificates for the half year ended March 31, 2026. The submission must be made through the ENIT portal by April 30, 2026. The requirement is mandated under SEBI circular SEBI/HO/MRD-PoD2/CIR/P/2024/00181 dated December 30, 2024.

Key Points

  • Trading members who have commenced MTF must submit a compliance certificate audited and signed by a Chartered Accountant (Annexure I format).
  • Trading members who have MTF approval but have not commenced operations must submit a Self-Certified certificate signed by the Compliance Officer or Designated Director (Annexure II format).
  • Submission must be done via the ENIT portal: ENIT-New-Compliance > Compliance > MTR > MTR Compliance Certificate submission.
  • ENIT portal URL: https://enit.nseindia.com/MemberPortal/
  • For support: helpdesk at 1800 266 0050 (IVR option 3) or memcompliance_support@nse.co.in.

Regulatory Changes

No new regulatory changes are introduced. This circular operationalizes the existing requirement under Chapter 1, Para 4.10.3 of SEBI circular SEBI/HO/MRD-PoD2/CIR/P/2024/00181 dated December 30, 2024, for the current half-year period ending March 31, 2026.

Compliance Requirements

  • Active MTF members: Obtain an audit of books of accounts related to margin trading facility and submit a CA-signed compliance certificate in the format prescribed in Annexure I. The certificate must affirm compliance with conditions laid out in multiple NSE circulars including NSE/COMP/35125, NSE/COMP/35260, NSE/COMP/35521, NSE/COMP/36350, NSE/COMP/63887, and NSE/COMP/64519.
  • Inactive MTF members (approved but not commenced): Submit a self-certified declaration in Annexure II format, signed by the Compliance Officer or Designated Director, confirming no MTF was provided during the half year.
  • All submissions must be made electronically through the ENIT member portal under the MTR module.

Important Dates

  • Half year covered: April 1, 2025 – March 31, 2026
  • Submission deadline: April 30, 2026

Impact Assessment

This is a routine semi-annual compliance exercise affecting all NSE trading members who hold Margin Trading Facility approvals. The operational impact is limited to administrative effort in obtaining CA audits or preparing self-certifications and uploading via ENIT. Non-compliance could attract regulatory scrutiny or penalties from NSE/SEBI. No market-wide or price impact is expected.

Impact Justification

Routine semi-annual compliance requirement for trading members with Margin Trading Facility approval; no new regulatory changes introduced, only a deadline reminder with submission instructions.