The National Stock Exchange (NSE) on September 29, 2023, issued a notification regarding the Reporting requirement on the Settlement of the Running Account of the Client’s Funds lying with the Trading Member (TM).
The following has been stated namely: -
• The members have been advised to submit the summary of the settlement of clients’ funds and UCC-wise settlement details to the Exchange within the prescribed timelines through the online facility as made available by the Exchange.
• The format of ‘Submission of UCC wise settlement details” has been revised to include additional fields (S.No: 11 to 17) pertaining to the settlement of running accounts of clients’ accounts.
• The revised format is enclosed as Annexure A.
• 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 6, 2023)
• The prescribed timeline for submission has been stated in the notification.
[Notification No. NSE/INSP/58676]
