Description

BSE reminds trading members to submit their internal audit reports for H1 FY2025-26 by November 30, 2025, through BEFS to avoid penalties.

Summary

BSE has issued a reminder to all trading members to submit their internal audit reports for the half year ended September 30, 2025. This follows previous notices dated October 01, 2025 (Ref. No. 20251001-49) and October 24, 2025 (Ref. No. 20251024-16) requiring a complete internal audit for the period. The submission deadline is November 30, 2025, and must be made through the BSE Electronic Filing System (BEFS) in the prescribed format.

Key Points

  • Trading members must submit internal audit reports for H1 FY2025-26 (ended September 30, 2025)
  • Submission deadline: November 30, 2025
  • Reports must be submitted through BEFS (BSE Electronic Filing System) in 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
  • This is a reminder following earlier notices dated October 01, 2025 and October 24, 2025

Regulatory Changes

No new regulatory changes introduced. This circular serves as a reminder of existing internal audit requirements for trading members.

Compliance Requirements

Applicable to: All BSE Trading Members

Actions Required:

  1. Complete internal audit for the half year ended September 30, 2025
  2. Submit the Internal Audit Report through BEFS in prescribed format
  3. Ensure submission on or before November 30, 2025
  4. Comply with regulatory requirements to avoid penalties

Submission Method: BSE Electronic Filing System (BEFS)

Important Dates

  • Audit Period: Half year ended September 30, 2025
  • Submission Deadline: November 30, 2025
  • Reference Notices: October 01, 2025 (Ref. No. 20251001-49), October 24, 2025 (Ref. No. 20251024-16), October 10, 2025 (Ref. No. 20251010-20)

Impact Assessment

Impact on Trading Members: Medium - Trading members must ensure timely completion and submission of internal audit reports to avoid penal charges and disciplinary action. This is a routine compliance requirement that impacts operational workflows and requires coordination between compliance and audit functions.

Market Impact: Low - This is an internal compliance matter for trading members and does not directly impact market operations or trading activities.

Contact Information

Issued by:

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

Impact Justification

Routine compliance reminder for trading members with specific deadline and penalty implications for non-compliance