SEBI Compliance Software Mumbai — Broker PMS Reporting 2026

SEBI Compliance Software Mumbai — Broker PMS Reporting 2026

Mumbai is India's capital markets capital — BSE and NSE are located here, the majority of SEBI-registered brokers have Mumbai offices, and most PMS (Portfolio Management Services) managers and investment advisors (RIA) operate from Mumbai. SEBI's regulatory framework for these entities involves regular compliance reporting, client suitability documentation, and increasingly stringent cybersecurity and audit requirements. Manual compliance for Mumbai's securities market participants is a recipe for regulatory action.

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Mumbai's Capital Markets Regulatory Landscape

Stock Brokers (SEBI)
- Registration: SEBI stock broker registration + Exchange (NSE/BSE) membership
- Compliance officer: mandatory appointment
- KYC: client KYC documentation, maintenance of records
- Margin reporting: daily and monthly margin obligation reports to Exchange
- Audit: concurrent audit, annual audit by SEBI-empanelled auditor
- Cybersecurity: SEBI Cyber Security and Cyber Resilience Framework — annual VAPT
- Client reporting: contract notes, ledger statements

PMS (Portfolio Management Services)
- Minimum investment: Rs. 50 lakh per client
- Client agreement: specific format mandated by SEBI
- Disclosure document: performance reporting, fees, risks
- Monthly report to client: portfolio statement, performance vs. benchmark
- SEBI reporting: quarterly and annual PMS reports
- Custodian: mandatory for client assets

SEBI RIA (Registered Investment Advisor)
- Individual and institutional RIA categories
- Client suitability assessment: risk profile, investment objective
- Investment advice in writing: documented recommendations
- Fee disclosure: explicit fee structure, no commission from products
- Annual compliance audit
- AMFI registration for mutual fund distribution (separate from RIA)

AMFI ARN Holders (Mutual Fund Distributors)
- ARN (AMFI Registration Number) renewal every 3 years
- CPE (Continuing Professional Education): mandatory hours
- Commission disclosure to clients
- SID/KIM: Scheme Information Document provided to clients

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MICS SEBI Compliance Software

Client KYC Management
- KYC documents: PAN, Aadhaar, photograph, bank proof, income proof
- KYC status: In-Person Verification (IPV) date, KYC approval status
- CKYC: Central KYC Registry — update and retrieve
- NRI KYC: FEMA documentation, NRE/NRO accounts
- Corporate KYC: board resolution, authorised signatories, UBO declaration

Client Suitability (RIA/PMS)
- Risk profiling questionnaire: standardised SEBI-compliant format
- Risk category: conservative, moderate, aggressive
- Investment objective: growth, income, preservation
- Suitability assessment: does recommended product match client profile?
- Audit trail: recommendation with rationale documented

Portfolio Reporting (PMS)
- Portfolio valuation: daily NAV computation
- Performance reporting: absolute returns, XIRR, benchmark comparison
- Monthly client statement: holdings, transactions, performance
- SEBI PMS reporting: quarterly and annual returns to SEBI
- Fee computation: management fee, performance fee

Trade Management (Brokers)
- Trade confirmation: contract note generation
- Client ledger: funds in, funds out, brokerage charged
- Margin computation: VAR margin, SPAN margin, exposure margin
- Peak margin reporting: daily peak margin data
- Quarterly fund settlement to clients: SEBI mandate

SEBI Audit Support
- Audit ready reports: all SEBI-required reports in prescribed format
- Exception reports: trades flagged for review
- Correspondence management: SEBI/Exchange communications tracked
- Inspection readiness: document index for SEBI inspectors

Cybersecurity (SEBI CCF)
- VAPT annual: SEBI-mandated annual Vulnerability Assessment and Penetration Testing
- Incident response plan: documented plan for cybersecurity incidents
- Cybersecurity report: quarterly internal report
- Cyber insurance: SEBI requires adequate cyber insurance

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Mumbai Exchange Membership Compliance

NSE and BSE membership compliance for Mumbai brokers:
- Exchange-mandated technology requirements
- Algo trading registration and audit
- Co-location policies (BSE data centre in Powai, NSE in BKC area)
- Order audit trail: preserve order logs for 5 years

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Pricing

| Service | Cost |
|---|---|
| Broker compliance module | Rs. 20,000-40,000/month |
| PMS software | Rs. 30,000-60,000/month |
| RIA compliance software | Rs. 15,000/month |
| Cybersecurity (SEBI framework) | Rs. 25,000-50,000/month |
| SEBI audit support | Rs. 30,000-80,000 one-time |

Free compliance consultation for Mumbai SEBI-registered entities: +91 9355273535 | admin@mics.asia