Sebi plans portal for audit of brokers
Financial Express Mumbai|December 04, 2024
IN A BID to align the audit process of stock brokers' technology and systems with the regulatory intent, market regulator the Securities and Exchange Board of India (Sebi) has proposed enabling stock exchanges to monitor and supervise stock brokers' system audits through an online web portal.
-FE BUREAU

The move follows gaps noticed in the existing decade-old framework for system audits of stock brokers, including poor quality, system audits without physical visits to brokers' premises, audits by non-qualified auditors, and the non-existence of an independent source for verification of audit.

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