Leading stock exchange BSE today asked brokers to submit risk-based supervision (RBS) data for first 6 months of the current financial year, latest by November 30.
The submission of data is mandatory for all active members of the exchanges (those who have executed/cleared even a single trade during the period).
The submission is to be made only electronically through BEFS (BSE Electronic Filing System).
"This is a gentle reminder to trading members for submission of half yearly RBS details," the exchange said in a circular.
"No physical copies are required to be submitted to the Exchange," it added.
Brokers who fail to make timely submission of RBS data will be slapped monetary penalty. Besides, prolonged non- compliance would result in disablement of trading terminals.
Trading members have been submitting RBS data since 2013-14. However, there have been instances of delayed or non-submission of data.
Accordingly, the exchanges, in consultation with markets regulator Sebi formulated the timetable for submission of RBS data and also the penalty provisions for delayed or non- submission of such provision.
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