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TMI BlogStandardized format for System and Network audit report of Market Infrastructure Institutions(MIIs)X X X X Extracts X X X X X X X X Extracts X X X X ..... 1/P/CIR/2024/168 dated December 03, 2024 for Depositories. 1.3 Clause No. 16.3 of SEBI Master Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2023/136 dated August 04, 2023 for Commodity Derivatives Segment. 2. Presently, all MIIs are required to conduct System and Network audit as per the aforesaid framework and each MII has adopted different template for System and Network audit report. In view of the same, the format of report adopted by MIIs for System and Network audit was reviewed by SEBI in consultation with the Technology Advisory Committee (TAC) of SEBI. Based on the recommendations of the Committee and in consultation with MIIs, a standardized format for System and Network Audit report for MIIs has been prepared and the same is enclose ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t www.sebi.gov.in under the categories "Legal Framework" and "Circulars". Yours faithfully, Ansuman Dev Pradhan General Manager +91-22-26449622 [email protected] Annexure A 1. Background: - 2. Details of Auditee:- Auditee Name Auditee Address Contact Information Date of agreement between MII and auditor 3. Details of Audit Team Members: - Auditor Name Auditor address Contact information Location of audit Audit team members and details of qua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... covered under audit: - e) Geographical locations covered under audit (PDC/DRS/Near Site etc.): - f) Name of audit tools used during audit, if any: - g) Any other specific item(s): - 7. Methodology /Audit approach (audit subject identification, pre-audit planning, data gathering methodology, sampling methodology etc. followed): - 8. Executive Summary of findings (including identification tests, tools used and results of tests performed): - S.No Number of observations Risk rating Any other comments High Medium Low 9. Control-wise compliance status of various SEBI Circulars /Advisories related to technology: - S. No. Date of SEBI circular/ d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of audit is being done for full financial year, F=1 in case of audit is being done for first half of any financial year, F=2 in case of audit is being done for second half of any financial year. 5 YYYY YYYY represents the financial year for which audit is being carried out by auditor For instance, Unique ID NSE-S122324 represents the observation serial number 1 found in second half of FY 2023-24 of System and Network audit of NSE, Similarly, Unique ID CDSL-S212425 represents the observation serial number 2 found in first half of FY 2024-25 of System and Network audit of CDSL. Unique ID ICCL-S302425 represents the observation serial number 3 found in audit period of FY 2024-25 of System and Network audit of ICCL. 10. Compliance status ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nbsp; **Similar format mentioned in point number 9 above 11. Compliance status of corrective action taken for technical glitches occurred at MIIs during audit period: - S. No. Date of technical glitch Brief about incident Corrective action suggested by SCOT/SE BI/MIIs Compliance status of corrective action to be taken by concerned MII('Yes'/'No') List of documentary evidence including physical inspection **Unique Observation ID(in case of noncompliance found during audit) Associated risks in case compliance status is 'No' Any other comments by auditor ** Similar forma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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