NCDEX circular on Reminder: Submission of Half Yearly Internal Audit Report by Clearing Member for half year ended March 31, 2026
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Highlights of the Circular :
This is with reference to NCCL vide its circular no. NCCL/INSPECTION 004/2026 dated April 27, 2026. Clearing Members who have undertaken clearing activities for at-least one trade during the period from October 01, 2025 to March 31, 2026 are required to carry out Internal Audit for half yearly period ended March 31, 2026.
Accordingly, members are advised to submit the Internal Audit Report for the half-year ended March 31, 2026 by May 31, 2026.
Submissions shall be directed to iar_sub...@nccl.co.in with the subject line as: “Internal Audit Report – Name of the Clearing Member (Clearing Member Code) – March 2026."
The penalties/disciplinary actions for late/non-submission of the Internal Audit Report shall be as per NCCL circular: NCCL/COMPLIANCE-002/2024 dated March 28, 2024. The penalties/disciplinary action for non-compliances reported in the Internal Audit Report shall be as prescribed by NCCL circular no.: NCCL/COMPLIANCE-013/2023 dated December 28, 2023 or any other relevant circular that may be issued by NCCL from time to time.
Members are hereby once again advised to take note of the above requirements.