The National Stock Exchange (NSE) on April 23, 2026, issued the notification regarding the System Audit Professional Clearing Members (PCM).
The following has been stated namely: -
• As per Securities and Exchange Board of India guidelines, Professional Clearing Members (PCMs) must conduct a system audit for FY ending March 31, 2026.
• The System Audit Report must be submitted to NSE Clearing Limited via the NCL portal by June 30, 2026.
• Members must also submit follow-on audit reports (if applicable) within timelines specified in the SEBI circular.
• Auditors empanelled with any exchange are now eligible to conduct system audits, easing compliance.
• PCMs must follow SEBI rules on appointment, re-appointment, and cooling-off period of auditors.
[Notification No. NCL/CMPL/73876]
