Submit risk-based supervision data by Nov 30: NSE to brokers

Leading stock exchange NSE today asked brokers to submit by the month-end the risk-based supervision (RBS) data for first half of the current fiscal.

The submission of data is mandatory for all active members of the exchanges, or those who have executed or cleared even a single trade during the period.

The data for the period, from April 1 to September 30, has to be submitted electronically only.

"It is once again re-iterated that the submission is to be made electronically through ENIT only and no physical copies need to be submitted to the exchange," NSE said in a circular.

Brokers who fail to make timely submission of RBS data will be slapped monetary penalty. Besides, prolonged non- compliance would result in disablement of trading terminals.

"All members are hereby reminded to ensure that the submission is made positively by the due date to avoid any penal charges/disciplinary action," the exchange said.

Trading members have been submitting RBS data since 2013-14. However, there have been instances of delayed or non-submission of data.

Accordingly, the exchanges, in consultation with markets regulator Sebi formulated the timetable for submission of RBS data and also the penalty provisions for delayed or non- submission of such provision.