Regulation 25 - Annual Compliance Audit - International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025

25. Annual Compliance Audit (1) A CMI shall have an annual audit conducted in respect of compliance with these regulations by a member of the Institute of Chartered Accountants of India or a member of the Institute of Company Secretaries of India or a member of the Institute of Cost Accountants of India or any person authorised to conduct audit in a Foreign Jurisdiction. (2) A copy of such compliance audit report for a financial year shall be furnished to the Authority by the 30th of September of such year: Provided that a trading member, a clearing member and a depository participant shall also file a copy of such report to the recognised stock exchange, recognised clearing corporation and depository, as the case may be. (3) A CMI shall have additional audits and submit such reports as may be specified by the Authority from time to time.