Description

BSE reminds all Trading Members to submit their Internal Audit Report for H1 FY2025-26 by November 30, 2025 through BEFS to avoid penal charges.

Summary

BSE has issued a reminder to all Trading Members to submit their Internal Audit Report for the half year ended September 30, 2025. The submission must be made through the BSE Electronic Filing System (BEFS) in the prescribed format on or before November 30, 2025. This reminder references earlier notices from October 1, 2025 (Ref. No. 20251001-49) and October 24, 2025 (Ref. No. 20251024-16) requiring a complete internal audit for the said period.

Key Points

  • Mandatory submission of Internal Audit Report for H1 FY2025-26 (ending September 30, 2025)
  • Submission deadline: November 30, 2025
  • Submission method: BEFS (BSE Electronic Filing System) only
  • Must use prescribed format
  • Non-compliance or late submission will attract penal charges and disciplinary action as per notice Ref. No. 20251010-20 dated October 10, 2025
  • Notice applies to all Trading Members

Regulatory Changes

No new regulatory changes introduced. This is a reminder for existing compliance requirements established in earlier notices.

Compliance Requirements

Who: All Trading Members of BSE

What: Submit Internal Audit Report for the half year ended September 30, 2025

How: Through BEFS (BSE Electronic Filing System) in prescribed format

When: On or before November 30, 2025

Consequences: Penal charges and disciplinary action for non-submission or late submission

Important Dates

  • September 30, 2025: End of audit period (half year)
  • November 30, 2025: Deadline for submission of Internal Audit Report

Impact Assessment

Operational Impact: Trading Members must ensure timely completion and submission of internal audit reports. Failure to comply will result in penal charges and potential disciplinary action, which could affect trading operations.

Market Impact: Low direct market impact as this is an internal compliance requirement for trading members.

Compliance Burden: Medium - requires coordination between trading members and their internal/external auditors to complete audit and file reports within deadline.

Contact Information

Issued by:

  • Richa Ghosh, Assistant Vice President, Member Oversight
  • Kaustubh Mundada, Assistant Vice President, Member Oversight

Impact Justification

Routine compliance requirement for trading members with penal consequences for non-compliance, but affects only trading members not broader market participants