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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE - System Audit of Stockbrokers / Trading members for the half year ended September 30, 2025

17-Oct-2025 | Notice No. 20251017-29

BSE has issued a circular regarding System Audit of Stockbrokers / Trading members for the half year ended September 30, 2025. By virtue of this circular, it has been specified that the trading members are required to conduct the system audit by the empanelled System Auditor for the period ending September 30, 2025 and submit the report to the Exchange in the manner specified below for the audit period starting from April 2025 to September 2025: 1. The Due date for submission of the Preliminary Audit Report is November 30, 2025. 2. The Due date for submission of the Action Taken Report is February 28, 2026. It also specified the key guidelines to be kept in mind by the trading member throughout the system audit lifecycle regarding conducting the system audit by only system auditors empanelled by the Exchange in accordance with the selection criteria, submission of the complete details of the audit plan via the BEFS web portal, maintenance of comprehensive records of the audit team members, etc. Further, it specifies that for each non-compliance reported by the auditor, trading members are required to submit a corrective action taken report (ATR), which shall be validated by the same auditor by February 28, 2026. The circular also encloses the details of the Audit Plan to be submitted by the trading members, the Terms of Reference (TOR) for System Audit, and the Actions for Non-Compliance observed in the Annexures.

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