IndiaINX circular on Submission of Annual System Audit Report for the period ended March 31, 2026

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Date of Issue: 27-05-2026
         
Issuer: India Inx

Highlights of  the Circular :

Members’ attention is drawn to IFSCA circular no. IFSCA/CMD/MIIT/MCBDCM/2026 dated May 12, 2026, titled Master Circular for Broker Dealers and Clearing Members.

As per the above-mentioned circular, all members are required to carry out an annual system audit of their trading facility for the period ended March 31, 2026, as per the applicability criteria given in attached circular.

Members may note that the above-mentioned reports are required to be submitted only in electronic form through IIEFS (INDIA INX Electronic Filing System). Once IIEFS is activated for submission, submission of System Audit Report shall be considered complete only after Member submits the report to the Exchange and receives an acknowledgment email. Saved reports/reports submitted by auditor will not be considered as final submission. The timelines for submission of system audit report are given in attached document.

The following are the annexures applicable for the system audit report:

➢ Annexure 1 - Auditor Selection Norms

➢ Annexure 2 - Preliminary and Follow-on Audit Report Format

➢ Annexure 3A - Terms of Reference (TOR) for System Audit (for Type I)

➢ Annexure 3B - Terms of Reference (TOR) for System Audit (for Type II)

➢ Annexure 3C - Terms of Reference (TOR) for System Audit (for Type III)

➢ Annexure 4 - Declaration for Selection of Auditor

The user manual for submission of System Audit Report will be available on the IIEFS (INDIA INX Electronic Filing System) portal.

Kindly note that in case of non/late submission of reports within the due date, disciplinary action/charges will be levied as given in the attached circular.