The National Stock Exchange vide circular dated January 04, 2021 has issued clarification regarding Submission of data towards monitoring of client funds under Enhanced Supervision guidelines. It is reiterated that Members shall not invest client funds received by the members in the client bank accounts in any Liquid Mutual Funds, Gilt Funds, Government Securities or any other liquid funds. All the guidelines issued vide Exchange circular dated October 19, 2021 except the reporting of FDRs shall remain unchanged and would be applicable with effect from the submissions for the ended January 07, 2022.
The applicability of revised guidelines with respect to considering of FDRs created out of the client funds received by the members, but not placed with Clearing corporation / Clearing member, in submission of data towards monitoring of client funds under Enhanced Supervision guidelines has been extended and shall be applicable with effect from the submissions for the week ended April 01, 2022.
