NOW LISTED COMPANIES LISTED WITH NSE WHO ARE ALSO REGISTERED WITH OTHER EXCHANGES (SUCH AS BSE, MCX, NCDEX, ETC.) WILL BE REQUIRED TO MAKE CERTAIN REGULATORY / COMPLIANCE SUBMISSIONS ONLY ONCE TO NSE.
NSE NEW INITIATIVE
NSE has issued a circular titled “Technology based sharing mechanisms of common submissions among Exchanges” (Ref. No. 57/2025, dated September 29, 2025).
The National Stock Exchange has rolled out a technology-based sharing mechanism to streamline compliance reporting and reduce repetitive submissions across multiple exchanges
SINGLE-POINT SUBMISSION:
Trading members of NSE who are also registered with other exchanges (BSE, MSE, MCX, NCDEX) can now file their common compliance submissions only with NSE. The same will be shared with other exchanges, eliminating duplicate filings.
NSE WILL SHARE IT WITH OTHER STOCK EXCHANGES
NSE (upon receiving those submissions) will share the relevant data/documents with the other exchange(s). In effect, submission to one becomes submission to all relevant exchanges (for those common items).
PHASED INFORMATION
In Phase I, 40 specific compliance reports/submissions were included under the shared reporting mechanism.
From October 15, 2025, 28 additional submissions (from Annexure A) will be added for exemption from duplicate submissions to other exchanges.
From December 15, 2025, 2 more submissions (points 29 & 30 in Annexure A) will be covered.
IMPACT
Standardizes bank-related submissions across exchanges
For multi‐exchange brokers, this is a positive reform reducing compliance load.
Simplifies the overall compliance process
The experience from this rollout could inform further integration (e.g. with SEBI’s unified platforms) and possibly similar mechanisms in other segments or jurisdictions.
Minimizes duplication of compliance filings
A progressive step by NSE towards RegTech advancement and ease of compliance in the securities market.
R V SECKAR , FCS, LLB 79047 19295
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