meta_id 3169457

On May 19, 2026, the Securities and Exchange Board of India (SEBI) issued Circular No. HO/24/11/24(62)2026-IMD-RAC4/I/11872/2026 revising the Monthly Cumulative Report (MCR) format. The MCR is a key reporting mechanism used by market participants to submit aggregated data on their trading and operational activities to SEBI. The revision updates the structure, fields, and submission requirements for this report to align with evolving regulatory needs and market practices. The changes ensure that SEBI receives more accurate and comprehensive data from market participants, enhancing its ability to monitor market integrity, detect anomalies, and enforce compliance across India's securities markets. The revised MCR format applies to all entities required to file this report, including brokers, dealers, investment advisors, and other regulated entities operating in Indian securities markets. The revision reflects SEBI's ongoing commitment to modernising its regulatory framework and improving data collection mechanisms to support effective market supervision. Market participants should review the circular carefully to understand the updated reporting requirements and ensure their systems are configured to comply with the new format. Entities must implement the revised MCR format in accordance with the timeline specified in the circular to avoid compliance issues. For further details on the specific changes to the MCR format and implementation guidance, market participants should consult the full circular issued by SEBI.