Introduction of the single filing system through API-based integration between Stock Exchanges - MMJC

1. The Bombay Stock Exchange[1] (‘BSE’) and National Stock Exchange[2] (‘NSE’) vide circular dtd September 30,2024 has introduced  single filing system through API-based integration between Stock Exchanges .
2.  In reference to the Securities and Exchange Board of India (‘SEBI’) consultation paper dated June 26, 2024, titled ‘Recommendations of the Expert Committee for facilitating ease of doing business and harmonization of the provisions of Issue of Capital and Disclosure Requirement (‘ICDR’) and Listing Obligation and Disclosure Requirement (‘LODR’) regulations. The Committee had recommended that filing done on one Stock Exchange should be automatically disseminated to other Stock Exchange. Both the Exchanges had jointly initiated the development for the API integration to facilitate the same.
3. The first phase of single filing systems shall be implemented for ‘equity’ listed and ‘equity & debt’ listed entities for disclosure of grievance redressal mechanism falling under regulation 13(3) of SEBI LODR from October 1, 2024 onwards. Once the aforesaid disclosure is filed on one exchange it should be ensured that the acknowledgments is received from both the exchanges.
4. Listed companies to check if reg 13(3) of SEBI LODR filing is available on both the exchange.
5. The listed entities will have an option for filing the aforesaid disclosure and revision in filings at any one Exchange.
6. Listed companies to ensure that filing is reflecting on both the exchanges after filing is done on an exchange (companies have option to do filings on any one of the exchange).
7. For REITS,INVITS and purely debt listed entities filing needs to be done on both exchanges or on all exchanges where debt security is listed. Integrated API based filing would become applicable to them in subsequent phase.
8. Entities that are listed on BSE or NSE needs to do filing on their respective stock exchange only.
9. In case any queries concerning the subject, please reach out on helpdesk numbers – 022 69158560 / 45720460 / 4570660 or send an email to bse.regulation30@bseindia.com.

[1] https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20240930-60

[2] https://nsearchives.nseindia.com/web/sites/default/files/inline-files/NSE_circular_30092024_0.pdf