BSE Standardise file formats for MII-Member Interface-Primary Market

Jun 14, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange, (BSE) on June 13, 2022, as per recommendations of SEBI’s Market Data Advisory Committee (MDAC) regarding “Standardization of MII-Member/Bank Interface”, It is proposed that the formats of BidUpload and Response files be standardised across all applicable Exchanges. As part of ongoing efforts to improve the interface between Exchanges and Trading Members/Self Certified Syndicate Banks, the format of these files will be consistent across all applicable Exchanges (SCSBs).

The new standardised file formats will be made available in stages. In this context, file formats for bulk/bid upload files for IPOs are being made accessible as part of the first tranche. The contains the standardised file formats for such files for IPO (Equity/REIT/INVIT) bulk upload files. In due time, the exchange will announce the live release date for new standardised files separately. The previous bulk/bid upload file formats will be available simultaneously with the new standardised files. Following that, the present bulk upload file types will be phased out with proper early notice. Participants should also be aware that the standardised files will be in CSV format, with ISO tags for these files being published separately in a separate circular. Participants are encouraged to think about what has been spoken so far and make the required modifications in their systems.

[Notice No. 20220613-44]


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