The Bombay Stock Exchange Clearing Corporation (BSECL) on October 27, 2026, issued a notification regarding Internal Audit of Clearing Members for the Half-Year Ended September 30, 2026.
The following has been stated: -
•BSE Clearing Corporation (BSECL) has directed all eligible Clearing Members undertaking clearing activities for other stockbrokers or custodial participants during April 01, 2026, to September 30, 2026, to conduct a complete internal audit and submit the report by November 30, 2026, through the Electronic Filing System (IEFS).
•The report must include the prescribed annexures, digitally signed certificates, sample verification details, management comments, and compliance status of previous audit observations.
•Clearing Members must close reported non-compliances by January 31, 2027, and critical violations may attract immediate enforcement action.
•Late or non-submission may result in monetary penalties, restrictions on new registrations and disabling of clearing facilities.
•The circular also permits auditors empanelled with any stock exchange to conduct the audit, subject to applicable SEBI requirements on auditor appointment and rotation.
[Notification No.: 20261027-4]
