The Bombay Stock Exchange (BSE) on September 29, 2023, issued a notification regarding the reporting requirement on Settlement of the Running Account of Client’s Funds lying with Trading Member (TM).
The following has been stated: -
•Reporting Requirement for Submission of summary of settlement of clients’ funds is Within 2 Trading Days post settlement date i.e., October 10, 2023.
•Reporting Requirement for Submission of UCC-wise settlement details is Within 10 Trading Days post settlement date i.e., October 20, 2023.
•Further, members are advised to note that the submission of details as per the revised format shall be applicable from the first Friday of the quarter October – December 2023 (i.e., October 06, 2023).
The detailed notification is given in the document attached below.
[Notice No.20230929-39]
