Description

BSE reminds trading members to submit their internal audit reports for H1 FY2025-26 by November 30, 2025, to avoid penal charges and disciplinary action.

Summary

BSE has issued a reminder to all trading members requiring submission of their internal audit reports for the half year ended September 30, 2025. The reports must be submitted through the BSE Electronic Filing System (BEFS) by November 30, 2025, in the prescribed format. Non-compliance or late submission will result in penal charges and disciplinary action as per earlier exchange notice dated October 10, 2025.

Key Points

  • Trading members must submit internal audit reports for the period ending September 30, 2025
  • Submission deadline: November 30, 2025
  • Reports must be filed through BEFS (BSE Electronic Filing System) in prescribed format
  • Non-compliance or late submission will attract penal charges and disciplinary action
  • This reminder references earlier notices dated October 01, 2025 and October 24, 2025

Regulatory Changes

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

Compliance Requirements

Applicable to: All BSE Trading Members

Action Required:

  • Complete internal audit for half year ended September 30, 2025
  • Submit internal audit report through BEFS platform
  • Use prescribed format for submission
  • Ensure submission by deadline to avoid penalties

Submission Method: BSE Electronic Filing System (BEFS)

Support Contacts:

Important Dates

  • Audit Period: Half year ended September 30, 2025
  • Submission Deadline: November 30, 2025
  • Notice Date: November 19, 2025
  • Reference Notices: October 01, 2025 (Ref. 20251001-49), October 24, 2025 (Ref. 20251024-16), October 10, 2025 (Ref. 20251010-20)

Impact Assessment

Impact on Trading Members: Medium - Trading members must allocate resources to complete and submit internal audit reports within the specified timeline. Failure to comply will result in financial penalties and potential disciplinary action.

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

Operational Impact: Medium - Members need to ensure their internal audit processes are completed and reports are filed through BEFS before the deadline. The availability of multiple support channels indicates BSE’s focus on facilitating smooth compliance.

Impact Justification

Routine compliance reminder for trading members with established deadline and penalty provisions; affects broker operations but not market-wide trading