The National Stock Exchange (NSE) on November 05, 2026, issued the Master Circular- Regulatory, Finance & Accounts and Business Development.
The following has been stated:
• The circular consolidates relevant circulars and guidelines issued by the Exchange up to October 31, 2026, and supersedes the earlier Master Circular dated March 18, 2024. It is divided into two parts, comprising detailed regulatory provisions and supporting annexures, and covers membership and continued admittance requirements, segregated nominee account structure, remote trading participants, client onboarding and KYC, contract notes, margin collection, office management, mandatory periodic and annual compliance submissions, exchange approvals, trade annulment, broker-dealer supervision, charges and penalties, complaint handling, liquidity enhancement schemes and co-location facility charges.
• The circular also consolidates reporting requirements relating to AI/ML applications, cybersecurity and cyber resilience, net-worth certificates, system audits, client fund settlements, annual returns and compliance audits. Broker Dealers and other participants are advised to refer to the consolidated requirements and applicable annexures to ensure regulatory and operational compliance.
The detailed circular is attached below.
[Notification No. - NSEIFSC/REG/2848]
