BSE, NSE take measures to standardise disclosures by listed entities

Leading stock exchanges BSE and NSE announced that they have taken measures for standardising the disclosures made by listed companies pertaining to the critical information for investors

BSE
BSE
Press Trust of India New Delhi
2 min read Last Updated : Sep 05 2022 | 10:40 PM IST

Leading stock exchanges BSE and NSE on Monday announced that they have taken measures for standardising the disclosures made by listed companies pertaining to the critical information for investors.

Listed firms are required to submit periodical compliance filings to stock exchanges within the prescribed timelines.

Under the measures, stock exchanges have implemented new XBRL-based compliance filing mechanism featuring identical and homogenous compliance data structures.

The move will not only ease the compliance burden on listed entities but would also enable analytics on the data submitted by them, BSE and NSE said in a joint statement.

XBRL-based filings for equity, debt, Real Estate Infrastructure Trust (REIT), Infrastructure Investment Trust (InvIT) have been released by both the exchanges to facilitate the input of the critical clauses of Sebi's LODR (Listing Obligations and Disclosure Requirements) Regulations.

"We believe that these steps shall enhance the transparency and efficiency of corporate information for the investors," the exchanges said.

Listed companies will be required to file information on investors grievance, shareholding pattern, corporate governance, financial results, annual report, business responsibility and sustainability reporting, voting result, insider trading and related party transactions, among others in XBRL format.

This came after Sebi Market Data Advisory Committee (MDAC) deliberated that XBRL would be implemented for all corporate filings. The committee recommends policy measures in areas such as securities market data standardisation, access, and privacy.

Earlier, listed entities were mandated to report XBRL-based filings for financials from 2015 onwards.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :BSE NSE equityBSENSE IndicesDisclosuresequity broking

First Published: Sep 05 2022 | 10:40 PM IST

Next Story