News

Annual System audit for Market Infrastructure Institutions (MIIs)

SEBI vide Notification No. SEBI/HO/MRD1/ICC1/CIR/P/2020/03 dated 07thJanuary, 2020 it provided,

  • Framework to conduct Annual System Audit of Market Infrastructure Institutions  and
  • Terms of Reference (TOR) for System Audit Program
  • MIIs  are  also  advised  to  maintain  a  list  of  all  the  relevant  SEBI circulars/  directions/ advice,  etc.  pertaining  to  technology  and  compliance thereof,  as  per  format  enclosed in  the Circular,
  • MIIs are advised to submit information with regard to exceptional major  Non-Compliances  (NCs)/  minor  NCs observed in the  System  Audit as per format enclosed in the circular and also advised to categorically highlight those observations/NCs/ suggestions pointed out in the System Audit (current and previous) which remain open.

https://www.sebi.gov.in/legal/circulars/jan-2020/annual-system-audit-of-market-infrastructure-institutions_45573.html