The India International Exchange on June 22, 2026, issued circular regarding the Annual Compliance Audit Report for the financial year 2025-26.
This circular refers to earlier communications issued on June 05, 2026 (IFSCA) and June 08, 2026 (India ICC) regarding the annual compliance audit requirements for Capital Market Intermediaries (CMIs) in IFSC.
All CMIs are required to conduct an annual audit to assess compliance with the IFSCA (Capital Market Intermediaries) Regulations, 2025. Based on this audit, they must submit:
Annual Compliance Audit Report (ACAR)
Annual Compliance Audit Checklist (ACAC)
The ACAC is divided into three parts:
Part A: General obligations applicable to all CMIs
Part B: Specific obligations based on the type of registration/authorization
Part C: Compliance with India ICC/India INX rules, regulations, and bye-laws
The submissions must follow prescribed formats (Annexures 1–3) and be submitted via email to IFSCA and India ICC by September 30 each year for the preceding financial year. This requirement also applies to FY 2025–26.
Additionally, with the introduction of this annual compliance audit framework, the earlier requirement of Internal Audit Reporting has been discontinued.
[Circular No. 20260622-2]
