Attention of members is drawn to SEBI’s Circular No. SEBI/HO/MRD/TPD/P/CIR/2024/84 dated June 20, 2024 on ‘System Audit of Professional Clearing Members (PCMs)’. A copy of the aforesaid SEBI circular is enclosed as Annexure 1. PCMs who have conducted clearing activities during the audit period are liable for submission of the System Audit report.
For F.Y 2024-25, all PCMs are hereby informed to complete System Audit Report latest by May 31, 2025. The Audit report shall be submitted to ICCL latest by June 30, 2025.
The report for F.Y 2024-25 shall be submitted by PCMs after approval of the Governing Board (or equivalent governance structure as applicable to the entity).
For a comprehensive detail of the non-compliance action, please refer to the attached Annexure 2.
The submissions shall be made to the email ID iccl.systemaudit@icclindia.com with the subject line as “System Audit Report- Name of the Member (Member Code) – FY 2024-25”.
All Members are requested to take note and ensure compliance.
For and on behalf of the Indian Clearing Corporation Limited
Anita Bhatia
Chief Regulatory & Compliance Officer |