The Bombay Stock Exchange (BSE) on December 02, 2025, notified regarding ease of Doing Compliance- Submission of Action Taken Report for non-compliance(s) reported in the Internal Audit Report.
The following has been stated namely: -
• Trading Members shall be required to close all non-compliances reported in the internal audit report within 2 months from the end of due date of submission of Internal Audit Report i.e. due date for submission of Action Taken Report for Internal Audit Period ended March 31 and September 30 shall be July 31 and January 31 respectively.
• Action Taken Report shall be certified by the empanelled Internal Auditor of the Trading Member, confirming the status of compliance and shall cover at least a period of one month for sample verification.
• Action Taken Reports shall be submitted electronically through the BEFS (BSE Electronic Filing System) under the Internal Audit Report Module.
• In case the observations are not closed in the Action Taken Report or Action Taken Report has not been submitted within the due date, prescribed monetary penalty/disciplinary actions shall be initiated in accordance with Exchange notice no. 20251010-20 dated October 10, 2025, or such other penalty circulars issued by the Exchange from time to time.
[Circular no. 20251202-5]
