SEBI extends Samuhik Prativedan Manch common reporting platform to clearing members who are also stock brokers; first phase proposed from 30 September 2026
SEBI, in consultation with Clearing Corporations, is extending the Samuhik Prativedan Manch — the common reporting platform for stock brokers — to members of Clearing Corporations who are also stock brokers. The first phase, proposed from 30 September 2026, covers 14 compliance reports, about 60% of their reporting requirements. Around 1066 clearing members stand to benefit.
Key facts
- In force
- First phase proposed from 30 September 2026; second phase proposed from 31 December 2026
- Who it affects
- Clearing members who are also stock brokers, with memberships of multiple Stock Exchanges and Clearing Corporations; Professional Clearing Members (second phase, to be evaluated)
- What it is
- New facility
- Section
- SEBI
- Published
- 17 September 2026
In 30 seconds
- SEBI Press Release PR No. 58/2026 is dated 17 September 2026.
- The Samuhik Prativedan Manch was introduced by SEBI and the Stock Exchanges on 18 July 2025 as a common reporting platform for stock brokers.
- It is now being extended to Clearing Members (CMs) who are also stock brokers; reports submitted on the platform will be consumed by all Clearing Corporations.
- Phase 1 is proposed from 30 September 2026: 14 compliance reports, approximately 60% of the reporting requirements of such CMs.
- Phase 2 is proposed from 31 December 2026: the remaining reports will be explored, and extension to Professional Clearing Members holding multiple memberships will be evaluated.
- Around 1066 CMs who are also stock brokers, with multiple memberships, would benefit.
हिंदी में सार
SEBI ने प्रेस रिलीज़ PR 58/2026 (17 सितंबर 2026) में बताया है कि Samuhik Prativedan Manch — स्टॉक ब्रोकरों का साझा रिपोर्टिंग प्लेटफ़ॉर्म — अब उन क्लियरिंग मेंबरों के लिए भी खोला जा रहा है जो स्टॉक ब्रोकर भी हैं। पहला चरण 30 सितंबर 2026 से प्रस्तावित है, जिसमें 14 अनुपालन रिपोर्टें (लगभग 60% रिपोर्टिंग) एक ही जगह जमा होंगी; दूसरा चरण 31 दिसंबर 2026 से प्रस्तावित है। करीब 1066 क्लियरिंग मेंबरों को इसका फ़ायदा मिलेगा।
Before and now
The same compliance reports are submitted separately at all the Stock Exchanges and Clearing Corporations where the member is registered.
Reports submitted once on the Samuhik Prativedan Manch will be consumed by all Clearing Corporations — 14 reports in the first phase.
What SEBI has announced
By Press Release PR No. 58/2026 dated 17 September 2026, the Securities and Exchange Board of India has said that the Samuhik Prativedan Manch — a technology-based common reporting platform — is being extended to members of Clearing Corporations (CCs) who are also stock brokers, so that they can submit their compliance reports through it. The extension is being made in consultation with the Clearing Corporations.
The platform so far
SEBI and the Stock Exchanges introduced the Samuhik Prativedan Manch on 18 July 2025 for stock brokers. With it, a stock broker registered with more than one Stock Exchange could submit compliance reports to the platform instead of to multiple exchanges or places.
Why clearing members are being brought in
Clearing Members (CMs) who are also stock brokers are registered with multiple Stock Exchanges and Clearing Corporations. The press release notes that they are required to submit the same compliance reports at all the Stock Exchanges and Clearing Corporations separately, which results in redundancy and multiplicity in reporting.
Once the platform is extended to such CMs, the compliance reports they submit to it will be consumed by all CCs. This does away with multiple reporting to each CC where they are registered, and SEBI expects it to substantially reduce their compliance costs.
Two phases
| Phase | Proposed from | What it covers |
|---|---|---|
| First phase | 30 September 2026 | CMs who are also stock brokers. Submission of 14 compliance reports — approximately 60% of their reporting requirements — to be operationalised |
| Second phase | 31 December 2026 | Submission of the remaining reports of CMs to the common platform to be explored. The feasibility of extending the platform to Professional Clearing Members (PCMs) holding memberships of multiple Clearing Corporations to be evaluated |
The press release describes both dates as proposed. It does not list the 14 reports.
Who benefits
According to SEBI, around 1066 CMs who are also stock brokers and hold multiple memberships with Stock Exchanges and Clearing Corporations would benefit, by way of reduced compliance cost and ease of doing business for approximately 60% of their reporting requirements.
What clearing members should note
- The first phase is for clearing members who are also stock brokers. Professional Clearing Members are not covered yet; their inclusion is only to be evaluated in the second phase.
- Only 14 reports move to the common platform in the first phase. The press release says submission of the remaining reports through the platform is to be explored in the second phase.
- The press release is an announcement; it does not set out the operating procedure or name the reports covered.
Questions and answers
What is the Samuhik Prativedan Manch?
It is a technology-based common reporting platform introduced by SEBI and the Stock Exchanges on 18 July 2025. Stock brokers registered with multiple Stock Exchanges can submit compliance reports to it instead of to multiple exchanges.
Who is being added now?
Members of Clearing Corporations who are also stock brokers. Their compliance reports submitted to the platform will be consumed by all Clearing Corporations.
How many reports are covered in the first phase?
Submission of 14 compliance reports, which SEBI says is approximately 60% of the reporting requirements of such clearing members. The first phase is proposed with effect from 30 September 2026.
Are Professional Clearing Members covered?
Not in the first phase. The press release says the feasibility of extending the platform to Professional Clearing Members holding memberships of multiple Clearing Corporations will be evaluated in the second phase, proposed from 31 December 2026.
Published 17 September 2026. Updated 6 October 2026. This report is for general information and is not professional advice. Read the source document before acting on it.