FAQs on Enablement
Background:
Enablement is the process post new membership registration, which facilitates member to take access/ activate its member code to start their trading activities in the segment/ product of the Exchange.
A member can apply for enablement in case of new membership and additional segments (i.e., Capital Market, Futures & Options, Currency Derivatives, Commodities Derivatives, Debt) or product enablement such as IPO, SLBM and MFSS.
Additionally, requests for SME Market Maker registration are also received.
For purpose of simplification, this FAQ document has been divided into below sections
- New Membership Enablement
Applicable in case the Member is not enabled in any of the segments at NSE.
- Additional segment Enablement
Applicable in case the member is already a member at NSE in one or more segments and wishes to expand business through a new segment.
- Product Enablement
Applicable in case where the member wishes to get enabled for a new product to the segment in which membership is already enabled on NSE.
The documentation for enablement (forms and checklist) is available on the Exchange website on the link: https://www.nseindia.com/trade/membership-enablement
The deposit structure for enablement is available on the NSEIL website on the link: https://www.nseindia.com/trade/deposits-networth-requirements-for-membership
New Membership Enablement
No, members can apply for enablement only after SEBI registration is received. However, to speed up the enablement process, members may start collating requisite information and preparing documents for enablement in the interim period.
No, Members can apply for enablement only after Exchange approval is received. However, to speed up the enablement process, members may start collating requisite information and preparing documents for enablement in the interim period.
- Exchange approval
- SEBI Registration (in case of new membership)
- Connectivity to Exchange
- Submission of Enablement Documents
- Remittance of applicable Deposits
In case of New Membership enablement, members need to email the Trade Support helpdesk at msm@nse.co.in and provide requisite documentation (based on the segment) for further processing of the request.
Additional segment Enablement
No, Members can apply for enablement only after Exchange approval is received. However, in order to speed up the enablement process, members may start collating requisite information and preparing documents for enablement in the interim period.
- Exchange approval for registration on the required segment
- Submission of Enablement Documents - to be digitally uploaded on ENIT
- Remittance of applicable Deposits
In case of additional segment enablement, the documentation can be digitally submitted on ENIT on the following path ENIT>Membership>Additional Segment.
Members can refer FAQ on Additional Segment Enablement on below link on Nseindia website for more details:
https://www.nseindia.com/trade/additional-segment-enablement-faqs
Members need to ensure that the user placing the request through ENIT has necessary accesses to the module being accessed. However, in case of any error, members can mail the print screen of error message to the Trade Support helpdesk at msm@nse.co.in
Product Enablement
Digital submission of application is to be done on ENIT. Request in ENIT for enablement of the required product on the following path:
- Membership->Enablement->SLBS Enablement
- Membership->Enablement->IPO Application
- Membership->Enablement->MFSS
Members need to ensure that the user placing the request through ENIT has necessary accesses to the module being accessed. However, in case of any error, members can mail the print screen of error message to the Trade Support helpdesk at msm@nse.co.in
Download FAQs on Enablement (.pdf)
Download FAQs on SME Market Making (.pdf)
Disclaimer:
“This document/FAQ has been drafted in order to ease Member’s/reader’s understanding of the subject matter. The information and/ or content (collectively ‘Information’) provided herein is general information only and NSE has issued detailed circulars to that effect from time to time. While reasonable care has been exercised to ensure that the information is adequate and reliable, no representation is made by NSE as to its accuracy or completeness and NSE, its affiliates and subsidiaries accept no liability of whatsoever nature for any direct or consequential loss, including without limitation any loss of profits, arising from reliance on this Information. The readers are expected to undertake their own diligence and are advised not to solely rely on this document. Any such reliance shall be at the reader’s own risk. Nothing stated herein shall bind NSE, in any manner whatsoever.”
Updated on: 10/09/2024
