Annual System Audit

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..... r / Madam, Sub: Annual System Audit Keeping in view the rapid technological developments in the Securities Markets should not overshadow the risks that these innovations pose to the efficiency and integrity of markets, SEBI vide circular no. MIRSD/DPS-III/ Cir-22 /2008 dated July 23, 2008, had mandated that exchanges shall conduct an annual system audit by a reputed independent auditor. Si .....

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..... xchanges / Depositories are advised to submit a declaration from the MD / CEO certifying the security and integrity of their IT Systems. In case the exchanges / depositories have commenced their Annual System Audit, they may follow existing annual system audit framework of SEBI Circular issued in 2008. Further, the exchanges / depositories who are yet to commence Annual System Audit would carry .....

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