The National Securities Exchange (NSE), on July 17, 2026, clarified the framework for submission of the Action Taken Report (ATR) for non-compliances reported in Internal Audit Reports. Clearing Members are required to rectify all non-compliances identified in the Internal Audit Report within two months from the due date for submission of the Internal Audit Report.
The ATR must be certified by the empanelled Internal Auditor of the Clearing Member, confirming that the reported non-compliances have been addressed. The certification must also include sample verification covering at least one month to validate compliance.
The framework is applicable to all Internal Audit Reports for the half-year ended March 31, 2026, and onwards. For the half-year ended March 31, 2026, the ATR must be submitted by July 31, 2026, to the designated email address prescribed by NCL using the specified subject format to ensure timely compliance.
[Circular Ref. No. 25/2026]
