https://www.taxtmi.com/circulars?id=58210 Revised system audit framework for stock brokers requires audits according to prescribed guidelines (process, auditor selection, TOR). Stock exchanges must ensure implementation, track broker wise audit findings quarterly, ensure timely rectification of major critical findings, and report major non compliances to the regulator quarterly. Brokers already underway may follow prior exchange framework for the current year; others must adopt this framework. Exchanges must implement systems, amend bye laws where necessary, notify trading members and publish the provisions. en-us Wed, 06 Nov 2013 00:00:00 +0530 Wed, 12 Dec 2018 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58210 Revised system audit framework for stock brokers requires audits according to prescribed guidelines (process, auditor selection, TOR). Stock exchanges must ensure implementation, track broker wise audit findings quarterly, ensure timely rectification of major critical findings, and report major non compliances to the regulator quarterly. Brokers already underway may follow prior exchange framework for the current year; others must adopt this framework. Exchanges must implement systems, amend bye laws where necessary, notify trading members and publish the provisions. Circulars SEBI Wed, 06 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58210