The Bombay Stock Exchange (BSE) on September 20, 2024, issued the notification regarding the Clarifications on Reporting of Segregation and Monitoring of collateral at Client level Submission.
The following has been stated namely: -
• Member shall create a designated UCC “SUSPE1234N” on the PAN of the member in the back office under which such unidentified/suspense account funds shall be allocated and reported to CCs under aforesaid submission. The Member shall keep unidentified credits or suspense account funds upstreamed to clearing corporations.
• Member shall not create said UCC in the UCC database of Exchanges and accordingly, orders should not be permitted by trading members on said UCC.
Members are advised to ensure compliance of aforesaid requirement on or before December 19, 2024.
[Notification No. 20240920-49]
