Description

BSE reminds Trading Members to submit their Internal Audit Report for the half year ended September 30, 2025 by November 30, 2025 to avoid penal charges and disciplinary action.

Summary

BSE has issued a reminder to all Trading Members regarding the mandatory submission of Internal Audit Reports for the half year ended September 30, 2025. The reports must be submitted through the BSE Electronic Filing System (BEFS) in the prescribed format on or before November 30, 2025. This follows earlier notices dated October 1, 2025 and October 24, 2025 requiring complete internal audits for the specified period.

Key Points

  • Reminder for submission of Internal Audit Report for half year ended September 30, 2025
  • Reports must be submitted through BEFS (BSE Electronic Filing System) in prescribed format
  • Previous notices referenced: October 1, 2025 (Ref. No. 20251001-49) and October 24, 2025 (Ref. No. 20251024-16)
  • Non-compliance or late submission will result in penal charges and disciplinary action per notice dated October 10, 2025 (Ref. No. 20251010-20)
  • Multiple contact points provided for different query types (process, technical, XBRL-related)

Regulatory Changes

No new regulatory changes introduced. This is a reminder notice for existing internal audit requirements applicable to Trading Members.

Compliance Requirements

  • Applicable to: All BSE Trading Members
  • Action required: Submit complete Internal Audit Report for the period July 1, 2025 to September 30, 2025
  • Submission method: Through BEFS (BSE Electronic Filing System)
  • Format: Prescribed format as specified in earlier notices
  • Consequences of non-compliance: Penal charges and disciplinary action

Important Dates

  • Half year period: July 1, 2025 to September 30, 2025
  • Submission deadline: November 30, 2025
  • Original notice date: October 1, 2025
  • First reminder: October 24, 2025
  • Current reminder: November 19, 2025

Impact Assessment

Impact on Trading Members: High - Trading Members must ensure timely completion and submission of internal audit reports to avoid penalties and disciplinary action. Members should prioritize this compliance requirement given the approaching deadline.

Market Impact: Low - This is an internal compliance requirement for Trading Members and does not directly affect market operations or trading activities.

Contact Information:

Issued by: Richa Ghosh (Assistant Vice President, Member Oversight) and Kaustubh Mundada (Assistant Vice President, Member Oversight)

Impact Justification

Important compliance reminder for Trading Members with specific deadline and penalty implications, but routine periodic requirement affecting only broker-dealers, not broader market participants