NCDEX

Based on the representations made by stock exchanges on the aforesaid circular, regarding exemption of system audit for Type I Brokers, the matter was examined by Technical Advisory Committee (TAC) and it was decided that such brokers may be exempted from system audit and the development of NEAT / BOLT / Exchange provided terminals be included in the scope of Annual System Audit of Exchanges prescribed vide circular dated CIR/MRD/DMS/13/2011 dated November 29, 2011.

 

MCX

In view of the circular issued regarding Annual System Audit of the Trading Members of the Exchange issued by SEBI, the members using trading software are required to conduct system audit of their trading facility in accordance with the system audit framework which includes auditor selection norms, Terms of Reference (ToR)