The National Stock Exchange (NSE) on November 24, 2023, issued a notification regarding the Segregation and Monitoring of Collateral at the Client level.
The NCL circulars require members, who are exempted from reporting, to provide declarations to the NCL on a daily basis. In order to ease the compliance of the members, it has been decided to discontinue the requirement of the aforesaid declaration on a daily basis for members who are exempted from reporting. Accordingly, the last submission of the daily declaration shall be done by such members for the trade date of November 23, 2023, for which the due date shall be on or before November 24, 2023. It may further be noted that if members do not fall into the category of “Exempted from Reporting” at any point in time, the reporting of segregation of client collateral shall be applicable in terms of the prescribed guidelines and format.
[Notification No. NCL/CMPL/59519]
