The Bombay Stock Exchange (BSE) on October 01, 2026, notified regarding the submission of the Internal Audit Report by Trading Members for the Half Year Ended September 30, 2026.
BSE has directed all Trading Members to conduct the Internal Audit for the half year ended September 30, 2026 and submit the prescribed Internal Audit Report (IAR) electronically through BEFS by November 30, 2026. The IAR shall be certified by a BSE-empanelled auditor, with auditors complying with SEBI requirements on appointment and rotation. Auditors shall follow the prescribed sampling guidelines, report details of non-compliances and verify corrective-action compliance where applicable. Critical non-compliances such as unrecovered client fund/net-worth shortfalls or offering assured returns/mobilising deposits shall be reported to BSE within 2 days.
Members shall also submit the prescribed undertaking regarding non-passing of clearing corporation penalties for short/non-collection of upfront margins to clients. The IAR shall contain a UDIN, prescribed formats and sample details, and is considered complete only upon successful submission and acknowledgment from BSE. Late/non-submission or incomplete reports may attract action under BSE Notice dated April 17, 2026.
[Notification No. - 20261001-37]
