The National Stock Exchange (NSE) on March 22, 2024, issued a circular regarding the Submission of Half Yearly Internal Audit Report by Clearing Members.
The Clearing members undertaking clearing activities for atleast one trade during the period from October 1, 2023 to March 31, 2024 for other stock-brokers and/or for custodian participants code (their direct trading clients or otherwise) are required to carry out Internal Audit and submit the report to NSE Clearing Ltd. The process for submission of IAR for the half year ended March 31, 2024 including format of Internal Audit Certificate, Format of Internal Audit Report, Guidelines on sample selection etc. shall be communicated separately through a circular.
It is once again reiterated that the penalties/disciplinary actions for late/non-submission of the Internal Audit Report shall be applicable and the same has been provided in the Table.
[Circular No: 5/2024]
