 "Sensex, BSE, Stock exchange")
Leading stock exchange BSE today asked brokers to submit risk-based supervision (RBS) data for the past fiscal 2016-17 by tomorrow.
Brokers who fail to make timely submission of RBS data will be slapped monetary penalty starting from Rs 10,000. Besides, prolonged non-compliance would result in disablement of trading terminals, BSE said in a circular.
"Trading members are requested to take note that the RBS data for the year ended March 2017 is required to be submitted by May 31, 2017," it said.
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The submission is to be made only electronically through BEFS (BSE Electronic Filing System).
Trading members have been submitting risk-based supervision 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.
