Annual System Audit of Stock Brokers / Trading Members

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....tated reviewing the existing system audit framework for Stock Brokers / Trading Members. Accordingly, system audit guidelines have been revised which includes System Audit Process, Auditor Selection Norms and Terms of Reference (TOR). 2. The stock exchanges should ensure that system audit of stock brokers / trading members are conducted in accordance with the prescribed guidelines enclosed in t....

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.... the framework given in this circular. 6. Stock Exchanges are directed to: a. take necessary steps and put in place necessary systems for implementation of the above. b. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision, wherever applicable. c. bring the provisions of this circular to the notice of t....