MCX-SX Circular on Ease of Doing Compliance- Submission of Action Taken Report for non-compliance(s) reported in the Internal Audit Report
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Dec 31, 2025, 3:25:12 AM (12 days ago) 12/31/25
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Date of Issue: 30-12-2025
Issuer: MCX-SX
Ease of Doing Compliance- Submission of Action Taken Report for non-compliance(s) reported in the Internal Audit Report
Highlights of MCX-SX Circular dated December -30 -25
This is with reference to Exchange Circular Number MSE/INSP/18230/2025 dated December 02, 2025, on “Ease of Doing Compliance Submission of Action Taken Report for non-compliance(s) reported in the Internal Audit Report”.
In accordance with the aforesaid Circular, Trading Members are required to close all the non-compliances reported in the internal audit report within 2 months from the end of due date of submission of Internal Audit Report i.e., for the half year ended September 30, 2025, the due date for submission of Action Taken Report is January 31, 2026.
In this regard, Action Taken Reports shall be submitted through email to- compli...@msei.in as per Annexure I & II.
Members are further advised to note that prescribed monetary penalty/disciplinary actions shall be initiated in accordance with Exchange Circular Number MSE/INSP/17961/2025 dated October 10, 2025, in case the observations are not closed in the Action Taken Report or Action Taken Report is not submitted within the due date.
Further in cases where critical non-compliances viz; shortall of client funds/securities/commodities/ networth/incorrect reporting of networth to the Exchange resulting in shortfall and offering fixed/assured/periodic returns to clients / mobilizing deposits from investors are reported in the internal audit report, immediate action shall be taken in accordance with Exchange Circular Number MSE/INSP/17961/2025 dated October 10, 2025 without waiting for submission of Action Taken Report.
Members are requested to note that submission of Action Taken Report shall be considered complete only after Member submits the action taken report to the Exchange on compli...@msei.in. Action Taken Report submitted only by Auditor shall not be considered as final submission to Exchange. Please find enclosed the following Annexures applicable for the submission of Action Taken Report for the half year ended September 30, 2025:
Annexure I - Certificate on Action Taken Report for Non-Compliances Reported in Internal Audit (PDF format with Digital signature & UDIN)
Annexure II - Action Taken Report (PDF format with Digital signature & UDIN)
All Members are advised to take note of the above and bring the provisions of this Circular to the notice of their respective internal auditors and ensure compliance with the above requirement.
Issuer: MCX-SX
Ease of Doing Compliance- Submission of Action Taken Report for non-compliance(s) reported in the Internal Audit Report
Highlights of MCX-SX Circular dated December -30 -25
This is with reference to Exchange Circular Number MSE/INSP/18230/2025 dated December 02, 2025, on “Ease of Doing Compliance Submission of Action Taken Report for non-compliance(s) reported in the Internal Audit Report”.
In accordance with the aforesaid Circular, Trading Members are required to close all the non-compliances reported in the internal audit report within 2 months from the end of due date of submission of Internal Audit Report i.e., for the half year ended September 30, 2025, the due date for submission of Action Taken Report is January 31, 2026.
In this regard, Action Taken Reports shall be submitted through email to- compli...@msei.in as per Annexure I & II.
Members are further advised to note that prescribed monetary penalty/disciplinary actions shall be initiated in accordance with Exchange Circular Number MSE/INSP/17961/2025 dated October 10, 2025, in case the observations are not closed in the Action Taken Report or Action Taken Report is not submitted within the due date.
Further in cases where critical non-compliances viz; shortall of client funds/securities/commodities/ networth/incorrect reporting of networth to the Exchange resulting in shortfall and offering fixed/assured/periodic returns to clients / mobilizing deposits from investors are reported in the internal audit report, immediate action shall be taken in accordance with Exchange Circular Number MSE/INSP/17961/2025 dated October 10, 2025 without waiting for submission of Action Taken Report.
Members are requested to note that submission of Action Taken Report shall be considered complete only after Member submits the action taken report to the Exchange on compli...@msei.in. Action Taken Report submitted only by Auditor shall not be considered as final submission to Exchange. Please find enclosed the following Annexures applicable for the submission of Action Taken Report for the half year ended September 30, 2025:
Annexure I - Certificate on Action Taken Report for Non-Compliances Reported in Internal Audit (PDF format with Digital signature & UDIN)
Annexure II - Action Taken Report (PDF format with Digital signature & UDIN)
All Members are advised to take note of the above and bring the provisions of this Circular to the notice of their respective internal auditors and ensure compliance with the above requirement.
In case of any clarification or assistance required in the implementation of this circular, you may contact : Kaushik Jethwa at kau...@secmark.in and 9870210171
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