Description
NSE Clearing Limited reminds Clearing Members to submit their Internal Audit Reports for the half year ended September 30, 2025 by November 30, 2025 to avoid penalties.
Summary
NSE Clearing Limited has issued a reminder to all Clearing Members (Clearing for other Stock-Broker and/or Custodial Participants Code) regarding the submission of Internal Audit Reports for the half year ended September 30, 2025. This circular reiterates the requirement previously communicated in NCL Circular No. NCL/CMPL/70689 dated October 07, 2025. Members must submit their reports by November 30, 2025 through the designated online portal to avoid penalties and disciplinary actions.
Key Points
- Reminder for submission of Internal Audit Report for half year ended September 30, 2025
- Applicable to Clearing Members (Clearing for other Stock-Broker and/or Custodial Participants Code)
- Submission must be made through NCL Member Portal at https://ims.connect2nsccl.com/NCLMemberPortal/
- Reports must be submitted in the prescribed format
- Late or non-submission will result in penalties/disciplinary actions as per NCL Circular No. NCL/CMPL/67482 dated April 07, 2025
- Reference to original circular: NCL/CMPL/70689 dated October 07, 2025
Regulatory Changes
No new regulatory changes introduced. This circular serves as a reminder of existing internal audit requirements for Clearing Members.
Compliance Requirements
- Who: All Clearing Members (Clearing for other Stock-Broker and/or Custodial Participants Code)
- What: Complete and submit Internal Audit Report for the half year ended September 30, 2025
- How: Submit through the NCL Member Portal (https://ims.connect2nsccl.com/NCLMemberPortal/) in prescribed format
- Consequence: Penalties and disciplinary actions for late/non-submission as prescribed in NCL Circular No. NCL/CMPL/67482 dated April 07, 2025
- Contact: For queries, contact via telephone at 1800 266 0050 or email at internalaudit@nsccl.co.in
Important Dates
- Half Year Period: Ended September 30, 2025
- Original Circular: October 07, 2025 (NCL/CMPL/70689)
- Reminder Circular: November 26, 2025
- Submission Deadline: November 30, 2025
Impact Assessment
Operational Impact: Medium - Affects Clearing Members who need to ensure timely submission of internal audit reports. Non-compliance will result in penalties and potential disciplinary actions.
Market Impact: Low - This is an internal compliance requirement for Clearing Members and does not directly impact market operations or trading activities.
Member Impact: Medium - Clearing Members must allocate resources to complete and submit audit reports within the specified timeframe. Failure to comply may result in financial penalties and regulatory scrutiny, affecting their operational standing with NSE Clearing Limited.
Impact Justification
Routine compliance reminder for Clearing Members regarding mandatory internal audit submission with penalties for non-compliance. Medium impact as it affects specific clearing member operations only.