The Multi-Commodity Exchange of India Limited (MCX) on April 11, 2026, issued a circular regarding the submission of the Internal Audit Report for the half-year ended on March 31, 2026.
The following has been stated: -
•MCX mandates half-yearly internal audits by independent qualified professionals with no conflict of interest, in line with SEBI norms on auditor appointment and rotation.
•Members must submit the Internal Audit Report (digitally signed) for the period ending March 31, 2026, by May 31, 2026, via the online portal.
•Audit reports must include detailed sampling, non-compliance instances, management comments, and additional disclosures (e.g., SEBI actions, frauds, overseas operations).
•Critical non-compliances must be reported immediately (within 2 days), and auditors must upload supporting documents and maintain records.
•Members must resolve all non-compliances by July 31, 2026, failing which penal/disciplinary action will be taken as per MCX circulars.
[Circular no.: MCX/COMP/190/2026]
