Description
NSE reminds all Trading Members to submit their Internal Audit Report for H1 FY2025-26 by November 30, 2025, to avoid penal charges and disciplinary action.
Summary
NSE 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 report must be submitted by November 30, 2025, through the Inspection module in the Member Portal using the prescribed format. Failure to submit or late submission will result in penal charges and potential disciplinary action as per existing circulars.
Key Points
- Trading Members must submit Internal Audit Report for H1 FY2025-26 (ended September 30, 2025)
- Submission deadline: November 30, 2025
- Reports must be submitted through the Inspection module in the Member Portal
- Prescribed format must be used for submission
- References previous circular NSE/INSP/70611 dated October 3, 2025, which mandated the internal audit
- Non-compliance or late submission will attract penal charges and disciplinary action per circular NSE/INSP/70746 dated October 10, 2025
Regulatory Changes
No new regulatory changes introduced. This circular serves as a reminder for existing internal audit requirements established in earlier circulars from October 2025.
Compliance Requirements
Applicable to: All Trading Members of NSE
Actions Required:
- Conduct complete internal audit for the half year ended September 30, 2025
- Prepare Internal Audit Report in prescribed format
- Submit report through Inspection module in Member Portal
- Ensure submission on or before November 30, 2025
Consequences of Non-Compliance:
- Penal charges will be levied
- Disciplinary action may be initiated
- As per Exchange Circular Ref. No. NSE/INSP/70746 dated October 10, 2025
Important Dates
| Date | Event |
|---|---|
| September 30, 2025 | End of audit period |
| October 3, 2025 | Original circular issued (NSE/INSP/70611) requiring internal audit |
| November 18, 2025 | Reminder circular issued |
| November 30, 2025 | Deadline for Internal Audit Report submission |
Impact Assessment
Operational Impact: Medium - Trading Members need to ensure timely completion and submission of internal audit reports. This is a routine compliance requirement that occurs semi-annually.
Market Impact: Low - This is an internal compliance matter affecting Trading Members’ operations rather than market functioning or trading activities.
Member Impact: Medium - All Trading Members are required to comply. Members who have not yet completed their internal audits face time pressure to meet the November 30, 2025 deadline to avoid penalties.
Contact Information
For clarifications, members can contact:
Regional Offices:
- Ahmedabad (ARO): 079-65278024/55 | inspectionahm@nse.co.in
- Chennai (CRO): 044-66309915/17 | inspection_cro@nse.co.in
- Delhi (DRO): 011-23459146/127/144/147 | delhi_inspection@nse.co.in
- Kolkata (KRO): 033-40400412/59 | inspection_kolkata@nse.co.in
- Mumbai (WRO): 022-61928200 | compliance_wro@nse.co.in
Central Help Desk: compliance_assistance@nse.co.in
Impact Justification
Routine compliance reminder for Trading Members with potential penalties for non-compliance. Affects all Trading Members but is a recurring regulatory requirement rather than a new policy change.