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

NSE- Reiteration of SEBI Circular regarding Framework for Monitoring of System Audit of Stock Brokers

03-Feb-2025 | NSE/INSP/66456

NSE has reiterated SEBI circular regarding Framework for Monitoring of System Audit of Stock Brokers.

Key Highlights -
1. Stock exchanges are required to develop web portal / web-based platform and create technology-based mechanisms to monitor and supervise the entire system audit lifecycle of a stock broker.
2. As a pre-audit requirement, stock brokers are mandated to provide the following details through web portal before the commencement of system audit:-
a. Details of audit members such as name, address, registration no., membership no., PAN, qualification, mobile number etc.
b. Date of appointment of auditor, period of audit, copy of auditor appointment letter.
c. Audit plan including proposed dates for a physical visit by the auditor, list of proposed coverage of IT systems/processes
d. SBs/TMs name, address, PAN, SEBI registration no. etc.
3. Details, which the auditor is required to provide during the audit through online web portal are specified.
4. The web portal shall be developed by stock exchanges within 6 months from the issuance of the circular.

For more information, please refer to the attached document.

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