Description

ICCL reminds Clearing Members to submit the Internal Audit Report for the half year ended March 31, 2026 via IEFS portal by May 31, 2026, with penalties applicable for late or non-submission.

Summary

Indian Clearing Corporation Ltd. (ICCL) has issued a reminder to all Clearing Members to submit their Internal Audit Report for the half year ended March 31, 2026. The submission must be completed by May 31, 2026 through the IEFS portal in the prescribed format. This notice references the original requirement under ICCL Circular no. 20260415-26 dated April 15, 2026.

Key Points

  • Clearing Members must submit the Internal Audit Report for the half year ended March 31, 2026 by May 31, 2026.
  • Submission must be made through the IEFS portal at https://iefs.bseindia.in in the prescribed format.
  • Penalties for late or non-submission will follow ICCL notice no. 20240322-55 dated March 22, 2024.
  • Penalties for non-compliances reported in the Internal Audit Report will follow ICCL notice no. 20231229-11 dated December 29, 2023, or any subsequent ICCL circulars.
  • Original audit requirement was mandated under ICCL Circular no. 20260415-26 dated April 15, 2026.

Regulatory Changes

No new regulatory changes are introduced. This notice reiterates existing obligations under ICCL Circular no. 20260415-26 and references established penalty frameworks.

Compliance Requirements

  • All Clearing Members are required to complete the Internal Audit for the half year ended March 31, 2026.
  • Submit the completed Internal Audit Report via the IEFS portal (https://iefs.bseindia.in) in the prescribed format.
  • Ensure compliance with all regulatory requirements to avoid penalties or disciplinary actions.

Important Dates

  • April 15, 2026 — Original ICCL Circular no. 20260415-26 issued mandating the internal audit.
  • May 31, 2026 — Deadline for submission of the Internal Audit Report via IEFS portal.

Impact Assessment

This circular affects all Clearing Members of ICCL. Non-compliance will attract financial penalties and potential disciplinary action as defined in earlier ICCL notices. The operational impact is limited to Clearing Members who have not yet completed or submitted their internal audit; there is no broader market or trading impact.

Impact Justification

Routine compliance reminder targeting Clearing Members with a firm deadline and penalty implications; no market-wide or trading rule changes involved.