The India International Bullion Exchange IFSC Limited (IIBX) on May 08, 2026, issued circular regarding the Submission of Periodic Internal Audit Report to the Exchange.
The circular reminds members of the requirement to submit Periodic Internal Audit Reports on a half-yearly basis, as per the earlier Exchange Circular dated December 10, 2025. It mandates that all members must conduct an internal audit through independent qualified professionals such as Chartered Accountants, Company Secretaries, Cost and Management Accountants, or equivalent foreign professionals, who have no conflict of interest with the member entity.
The requirement applies to all IIBX members (Trading and Clearing Members), irrespective of whether their membership status is active or inactive. The audit must follow the prescribed formats for the Internal Audit Report and Certificate, as provided in the annexures.
Members are specifically instructed to complete the internal audit for the half-year ending March 31, 2026, and submit the report along with the audit certificate by May 31, 2026 via email within the stipulated timeline, using the specified subject format.
Overall, the circular emphasizes timely compliance, independence of auditors, and standardized reporting to ensure transparency and regulatory adherence.
[Circular No. IIBX-MEM-2026-036]
