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of <h1>Internal Audit Mechanisms for Market Infrastructure Institutions Strengthen Governance, Transparency, and Risk Management Protocols</h1> The circular provides comprehensive guidelines for internal audit mechanisms and audit committee composition in Market Infrastructure Institutions (MIIs). It mandates annual internal audits by independent firms, with strict reporting requirements to the audit committee. The guidelines emphasize governance, transparency, and risk management by establishing clear protocols for audit processes, ensuring MIIs maintain high standards of operational efficiency and regulatory compliance.
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