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of <h1>SEBI Mandates Standardized Audit Report Format for Market Infrastructure Institutions to Enhance Regulatory Compliance</h1> SEBI issued a standardized format for System and Network audit reports of Market Infrastructure Institutions (MIIs). The circular establishes a uniform template to enhance data quality, capture regulatory information systematically, and improve compliance monitoring. Applicable from fiscal year 2024-25, the format introduces a unique observation identification system and requires MIIs to implement necessary amendments to their existing frameworks. The circular aims to streamline audit reporting across stock exchanges, clearing corporations, and depositories.
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