On Jan. 3, IND NSE issued rules re supervision of authorized persons.
IND NSE issued updated reporting guidelines for members' supervision of authorized persons (APs) and branches, providing electronic NSE interface terminal functionality.
Follows IND BSE Aug. 2024 issued guide on authorized persons inspections, #224178.
Document dated Jan. 3, 2025, received from IND NSE Jan. 8, summarized Jan. 12.
Overview of Guidelines
Members must submit AP inspection details through ENIT portal in relevant subsection.
All fields are mandatory, no post-submission editing; mandatory Nil declaration for quarters with no inspections; details to submitted within one month of quarter end.
Effectiveness
Reporting on Q1 inspections is due by Jul. 31, 2025; Q2 inspections, by Oct. 31, 2025; Q3 inspections, by Jan. 31, 2026; and Q4 inspections, by Apr. 30, 2026; and so on.
