Description
BSE announces the launch of an online portal for empanelment of auditors to conduct system audits of trading members.
Summary
BSE has announced the launch of an online portal for the empanelment of auditors who will conduct system audits of trading members. This initiative aims to streamline the auditor selection process and ensure standardized system audit procedures across all trading members.
Key Points
- BSE introduces online portal for auditor empanelment
- Portal will facilitate registration and selection of qualified auditors
- System audits of trading members to be conducted by empaneled auditors only
- Standardization of audit procedures and requirements
Regulatory Changes
The exchange has introduced a new online portal system for managing the empanelment of auditors. All auditors seeking to conduct system audits of trading members must register through this portal and meet specified qualification criteria.
Compliance Requirements
- Trading members must engage only empaneled auditors for system audits
- Auditors must register on the online portal and meet eligibility criteria
- Regular system audits must be conducted as per exchange requirements
- Audit reports to be submitted through designated channels
Important Dates
- Portal launch date: September 2, 2025
- Trading members to note requirements for upcoming audit cycles
- Specific deadlines for auditor registration to be announced
Impact Assessment
This initiative will enhance the quality and consistency of system audits across trading members. It provides a centralized platform for auditor management, improving transparency and standardization in the audit process. Trading members will benefit from access to qualified, pre-vetted auditors while ensuring compliance with exchange requirements.
Impact Justification
Important compliance requirement for trading members requiring system audits through empaneled auditors