Sebi brings standardized format for system, network audit reports of MIIs

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Sebi brings standardized format for system, network audit reports of MIIs - Business Standard

Quick Summary:

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.

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

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