System Audit of Trading Members - Half Yearly/Yearly/Biennial for Period Ending March 31, 2026

Description

BSE Notice requiring trading members to conduct system audits for the period ending March 31, 2026, with submission deadlines between June and September 2026 via the BEFS and Cymmetri portals.

Summary

BSE has issued Notice No. 20260511-23 dated May 11, 2026, referencing earlier Notice No. 20260422-34 dated April 22, 2026, regarding the mandatory System Audit of Stockbrokers/Trading Members for the half-yearly, yearly, and biennial period ending March 31, 2026. The System Audit Reporting module is now active and accessible via the BEFS portal (for members) and the Cymmetri portal (for auditors).

Key Points

• System Audit Reporting module is currently active for the period ending March 31, 2026
• Members access the module via the BEFS portal; auditors use the Cymmetri portal
• Three audit categories apply: Half Yearly (Oct 2025–Mar 2026), Yearly (Apr 2025–Mar 2026), and Once in 2 Years (Apr 2024–Mar 2026)
• User manuals for members (Annexure A) and auditors (Annexure B) have been provided
• Contact numbers and email IDs provided for process and XBRL-related queries

Regulatory Changes

No new regulatory changes introduced. This notice activates the reporting module and communicates submission timelines in continuation of the earlier Notice No. 20260422-34 dated April 22, 2026.

Compliance Requirements

• All trading members must conduct a system audit for the period ending March 31, 2026
• Members must submit the Audit Plan, Preliminary Audit Report, and Action Taken Report (if applicable) by the respective deadlines
• Members must log into the BEFS portal (https://befs.bseindia.com/login.aspx) to access the reporting module
• Auditors must log into the Cymmetri portal (https://membersso.bseindia.com) to submit reports

Important Dates

Impact Assessment

This notice impacts all BSE trading members and their appointed auditors. Members must ensure timely completion and submission of system audit reports through the designated portals. Non-compliance with submission deadlines may attract regulatory action. The operational impact is moderate, requiring coordination between trading members and their IT auditors to prepare and submit the required reports within the specified timelines. No market-wide or stock-specific impact is anticipated.

Impact Justification

Routine periodic compliance requirement for trading members to submit system audit reports; affects all BSE trading members but does not alter market structure or trading rules.