Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Updates Audit Framework for Market Infrastructure Institutions; Annual or Semi-Annual Audits Now Mandatory.</h1> The Securities and Exchange Board of India (SEBI) has mandated an updated framework for the System and Network Audit of Market Infrastructure Institutions (MIIs), including stock exchanges, clearing corporations, and depositories. This revision, effective immediately, requires MIIs to conduct comprehensive audits annually, or semi-annually for systems identified as 'protected' by the National Critical Information Infrastructure Protection Centre. The audits must be performed by independent auditors with specific qualifications and experience. MIIs are required to report audit findings, compliance status, and corrective actions to their Governing Board and SEBI. This circular supersedes the previous guidelines issued in January 2020.