Revision to FATCA/UBO File Structure and Validations on BSE StAR MF Platform · 20260717-32
BSE notice 20260717-32 · 17 Jul 2026
Official title
Revision to FATCA/UBO File Structure and Validations on BSE StAR MF Platform - Update
Official record
Open source pageSummary
Check the official recordWhat changed
BSE has updated the FATCA/UBO file structure and validation requirements for the StAR MF platform. New tax descriptions under the Non-Profit Organization (NPO) category—Society, Trust, FCRA, NGO, and Section 25/8 Company—must now be included when updating NPO details. These validations apply to all client categories across the User Interface, bulk file uploads, and APIs. Members must ensure all FATCA/UBO/NPO information is accurate and verified before placing orders, as incomplete or inconsistent data may lead to transaction rejections by RTAs. For non-demat transactions requiring new folio creation, members must report these details alongside transaction data. Members using third-party or in-house systems must complete necessary technical modifications before the September 1, 2026, implementation deadline.
What you must do
- Ensure all FATCA/UBO/NPO-related client information is accurate, complete, and verified prior to order placement.
- Undertake system developments and modifications for third-party or in-house applications.
Document text
NOTICE
| Notice No. | 20260717-32 |
|---|---|
| Notice Date | 17 Jul 2026 |
| Category | Trading |
| Segment | Mutual Fund |
| Department | Trading Operations |
| Subject | Revision to FATCA/UBO File Structure and Validations on BSE StAR MF Platform - Update |
| Attachments | Annexure_I ; Annexure_II |
This is with reference to Exchange Notice No. 20260527-40 dated May 27, 2026, regarding Revision to FATCA/UBO File Structure and Validations on the BSE StAR MF Platform.
Members are hereby informed that, as per the communication received from the Registrar and Transfer Agents (RTAs), the following tax descriptions shall be included under the Non-Profit Organization (NPO) category for updating NPO details through the FATCA module on the BSE StAR MF platform:
- Society
- Trust
- Foreign Contribution (Regulation) Act (FCRA)
- Non-Governmental Organization (NGO)
- Section 25 / Section 8 Company
Further, Members are hereby informed that RTAs shall implement validations pertaining to FATCA/UBO/NPO requirements for all categories of clients maintained in their records with effect from September 1, 2026.
The aforesaid changes and validations shall be applicable across:
- User Interface (UI)
- Bulk File Upload Utility
- APIs
Members are advised that, for transactions in non-demat mode where units are required to be created/allotted under a new folio at the AMC/RTA end, the FATCA/UBO/NPO details available at the time of UCC creation or any subsequent UCC modification shall be reported to the RTA's central team along with the transaction details for incorporation and maintenance in their records, as well as onward transmission to the respective AMC for processing and allotment.
Accordingly, Members must ensure that all FATCA/UBO/NPO-related information of their clients is accurately updated, complete, and duly verified prior to order placement. Any incorrect, incomplete, inconsistent, or missing information may result in rejection of the transaction by the respective RTA.
The detailed process notes pertaining to FATCA/UBO/NPO validations and the revised FATCA file structure are provided in the annexures below:
| Annexure | Particulars |
|---|---|
| Annexure I | FATCA File Structure along with Applicable Masters and Codes |
| Annexure II | Process Notes on RTA Validation of FATCA/UBO/NPO |
Members using third-party vendor solutions and/or in-house developed trading applications are requested to take note of the above changes and undertake the necessary system developments and modifications at their end well before the implementation date.
For queries relating to BSE StAR Mutual Fund Operations, Members may contact the Mutual Fund Helpdesk at 022-45720450/650 or 022-69158550 (available on business days between 8:00 a.m. and 7:00 p.m.). Members may also raise their queries through the CRS Portal at: https://bsecrs.bseindia.com
Arunkumar Ganesan VP - Mutual Fund
Mahesh Tare AVP - Mutual Fund
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 17 Jul 2026
- Document number
- 20260717-32
- Issuing division
- Trading Operations
- Effective date
- 01 Sept 2026
- Coverage area
- securities