BSE Notice on Advisory for Financial Sector Organizations regarding Software as a Service (SaaS) based solutions
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Jan 1, 2026, 10:47:46 AM (11 days ago) Jan 1
to UPDATES from SecMark
Date of Issue: 31-12-2025
Issuer: BSE
Advisory for Financial Sector Organizations regarding Software as a Service (SaaS) based solutions
Highlights of BSE Circular dated December -31 -2025
This is with reference to Securities and Exchange Board of India (SEBI) Circular No. SEBI/HO/MIRSD2/DOR/CIR/P/2020/221 dated November 03, 2020, and Exchange notice no. 20201127-7 dated November 27, 2020, on “Advisory for Financial Sector Organizations regarding Software as a Service (SaaS) based solutions.
The compliance of the said advisory is required to be submitted by the Member on a half yearly basis and the current applicable period is between July 2025 to December 2025. Members may note that the above-mentioned submission is required to be submitted only in electronic form through BEFS (BSE Electronic Filing System) – https://befs.bseindia.com only. In this regard, the due date for submission of SaaS report for the period of July 2025 to December 2025, is January 31, 2026.
Additionally, with reference to Exchange Notice No. 20250929-81 dated September 29, 2025, regarding technology-based sharing mechanisms for common submissions among exchanges, Members of the Exchange who are also registered with NSE shall submit their Quarterly incident reporting to NSE only. Exclusive members of BSE shall continue submitting their reports to the Exchange through the BEFS portal, following the existing process.
The Guidelines for submitting the Software as a Service (SaaS) is given in Annexure 1.
Members are requested to take note of the above and ensure compliance.
Issuer: BSE
Advisory for Financial Sector Organizations regarding Software as a Service (SaaS) based solutions
Highlights of BSE Circular dated December -31 -2025
This is with reference to Securities and Exchange Board of India (SEBI) Circular No. SEBI/HO/MIRSD2/DOR/CIR/P/2020/221 dated November 03, 2020, and Exchange notice no. 20201127-7 dated November 27, 2020, on “Advisory for Financial Sector Organizations regarding Software as a Service (SaaS) based solutions.
The compliance of the said advisory is required to be submitted by the Member on a half yearly basis and the current applicable period is between July 2025 to December 2025. Members may note that the above-mentioned submission is required to be submitted only in electronic form through BEFS (BSE Electronic Filing System) – https://befs.bseindia.com only. In this regard, the due date for submission of SaaS report for the period of July 2025 to December 2025, is January 31, 2026.
Additionally, with reference to Exchange Notice No. 20250929-81 dated September 29, 2025, regarding technology-based sharing mechanisms for common submissions among exchanges, Members of the Exchange who are also registered with NSE shall submit their Quarterly incident reporting to NSE only. Exclusive members of BSE shall continue submitting their reports to the Exchange through the BEFS portal, following the existing process.
The Guidelines for submitting the Software as a Service (SaaS) is given in Annexure 1.
Members are requested to take note of the above and ensure compliance.
In case of any clarification or assistance required in the implementation of this circular, you may contact : Kaushik Jethwa at kau...@secmark.in and 9870210171
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