Description

NSE reminds all Trading Members to submit their Internal Audit Report for the half year ended March 31, 2026, by May 31, 2026, via the Inspection module in the Member Portal to avoid penal charges or disciplinary action.

Summary

NSE’s Inspection Department has issued a reminder to all Trading Members to submit their Internal Audit Report for the half year ended March 31, 2026. The deadline for submission is May 31, 2026, through the Inspection module in the Member Portal in the prescribed format. Failure to comply may result in penal charges or disciplinary action.

Key Points

  • All Trading Members must submit the Internal Audit Report for the half year ended March 31, 2026.
  • Submission must be made through the Inspection module in the Member Portal in the prescribed format.
  • Deadline for submission is May 31, 2026.
  • Non-submission or late submission will attract penal charges or disciplinary action.
  • This reminder references Exchange Circular NSE/INSP/73630 dated April 6, 2026 (original audit requirement) and NSE/INSP/73792 dated April 17, 2026 (penal framework).

Regulatory Changes

No new regulatory changes are introduced by this circular. It reiterates the requirements established under:

  • Exchange Circular Ref. No. NSE/INSP/73630 dated April 6, 2026 — mandating internal audit for the half year ended March 31, 2026.
  • Exchange Circular Ref. No. NSE/INSP/73792 dated April 17, 2026 — specifying penal charges for non/late submission.

Compliance Requirements

  • Trading Members must complete a full internal audit covering the half year ended March 31, 2026.
  • Submit the Internal Audit Report on or before May 31, 2026.
  • Use the Inspection module in the Member Portal for submission.
  • Follow the prescribed format as stipulated by the Exchange.

Important Dates

  • Audit Period: Half year ended March 31, 2026
  • Submission Deadline: May 31, 2026
  • Original Circular Date: April 6, 2026 (NSE/INSP/73630)
  • Penal Framework Circular Date: April 17, 2026 (NSE/INSP/73792)
  • Reminder Issued: May 19, 2026

Impact Assessment

This circular affects all NSE Trading Members who are required to maintain internal audit compliance. Members who have not yet submitted their Internal Audit Report face penal charges and potential disciplinary action if they miss the May 31, 2026 deadline. The operational impact is limited to member compliance workflows and does not affect market trading or listed companies. Members can contact regional NSE offices (Ahmedabad, Chennai, Delhi, Kolkata, Mumbai) or the central help desk at compliance_assistance@nse.co.in for clarifications.

Impact Justification

Routine compliance reminder for trading members regarding internal audit submission; non-compliance attracts penal charges but does not affect broader market operations or listed securities.