The Indian Clearing Corporation Limited (ICCL) on April 24, 2026, notified regarding the System Audit of Professional Clearing Members (PCMs).
The following has been stated:
• With reference to guidelines issued by the Securities and Exchange Board of India, all Professional Clearing Members (PCMs) who carried out clearing activities during FY 2025–26 are required to conduct a System Audit.
• The audit shall be completed by May 31, 2026, and the final audit report shall be submitted to Indian Clearing Corporation Limited by June 30, 2026 via the prescribed email. The report should be duly approved by the Governing Board (or equivalent authority) before submission.
• Members are also advised to review annexures for detailed compliance requirements and penalties for non-compliance, and ensure timely adherence to avoid regulatory action.
The detailed circular is attached below.
[Notification no. - 20260424-11]
