Sebi starts new format audit reports of MIIs

Markets regulator Sebi on Friday introduced a standardised format for system and network audit reports of market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories, to enhance the audit efficiency.

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Under this, Sebi will assign unique IDs to each observation in a bid to simplify the tracking of both current and historical audit issues.

This new framework aims to improve data quality, ensure compliance with regulatory requirements, and streamline the monitoring of audit observations.

This will apply to audits conducted from the fiscal year 2024-25, or the second half of the fiscal year, depending on the audit frequency.