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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 is 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.
  • SME market maker registration
    The member brokers desirous of acting as a market maker on the "Emerge" NSE SME Platform are required to apply for one-time registration as market maker.

The documentation for enablement (forms and checklist) is available on the Exchange website on the link: https://www.nseindia.com/trade/membership-enablement

In case Trading Members intending to register as market maker in SME platform, the application along with required documentation can be digitally submitted on ENIT on the following path ENIT > Membership > Market Maker SME > Registration. Members may refer circular NSE/SME/MEM/21427 dated August 06, 2012 for additional details in this regard.


New Membership Enablement

No, members can apply for enablement only after SEBI registration 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

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
  • 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 submit documentation (based on the segment) to their respective NSE regional offices 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 for Capital Market Segment, Futures and Options segment and Currency Derivatives segment, the documentation can be digitally submitted on ENIT on the following path ENIT>Membership>Additional Segment.
In case of Commodity Derivatives segment enablement, members need to submit physical documentation to their respective NSE regional offices for further processing of the request

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 Trading and Access Services 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 particular module being accessed. However, in case of any error, members can mail the print screen of error message to the Trading and Access Services helpdesk at msm@nse.co.in.


SME market maker registration

  • Only trading members of Capital Market Segment of NSE will be eligible to apply for registering as market makers.
  • At the time of application, the Market Maker should meet the minimum net worth of Rs. 1 crore
  • Digital Submission of application on ENIT.

In case Trading Members intending to register as market maker in SME platform, the application along with required documentation can be digitally submitted on ENIT on the following path ENIT > Membership > Market Maker SME > Registration.


Download FAQ's on Enablement (.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: 09/03/2021
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