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SEBI Compliance Audit · Securities Market IntermediariesIndia

SEBI audits are a calendar, not a surprise

Brokers, depository participants, RTAs, investment advisers, research analysts and portfolio managers all carry SEBI-mandated audit obligations - internal audits, system audits, cyber audits - each on its own periodicity with its own reporting format. The compliance audit runs that calendar properly: scoped to the applicable regulations and circulars, evidenced, and filed the way the exchanges and SEBI expect.

You need SEBI Compliance Audit if…

  • !Your intermediary category - broker, DP, RTA, adviser, portfolio manager - carries a mandated internal or system audit and the period is closing.
  • !The exchange or depository has sought the audit report, and the last one was a scramble of screenshots and goodwill.
  • !SEBI’s cyber security and cyber resilience framework applies to you, and the mandated audit and reporting are due.
  • !An inspection, observation letter or advisory from SEBI or the exchange has raised findings that must be closed with evidence.
  • !New circulars have moved the compliance goalposts and nobody has mapped the delta to your controls.
  • !A new registration, category upgrade or activity extension needs the compliance framework built before business begins.
What it is

Audit of a SEBI-registered intermediary’s compliance with the regulations and circulars applicable to its category - internal audit, system audit and cyber-framework audit as mandated - with reports in the prescribed formats.

Who issues it

SIS auditors issue the audit reports for filing with the exchange, depository or SEBI as applicable. Registration and enforcement remain with SEBI - the audit keeps you clean before both.

Validity

Per the mandated periodicity of your category - typically half-yearly or annual per audit type.

Who gets asked for it

Stock brokers, depository participants, RTAs, investment advisers, research analysts, portfolio managers, merchant bankers and other SEBI-registered intermediaries.

1of 25 industries

Where this certification is demanded

SEBI Compliance Audit is applicable across 1 of the 25 industries SIS covers. The pages below set out the specific reason it comes up in each one.

Banking and Finance

What SEBI Compliance Audit Actually Requires

The backbone an implementer has to build, in the order it usually gets built.

1
Applicability mapping

Which regulations, circulars and audit types bind your category and activity mix - the register everything else audits against.

2
Client protection controls

KYC, client funds and securities segregation, dealings and disclosures - the areas where SEBI observations concentrate.

3
Systems & operations

Order handling, settlement, record-keeping and reporting systems audited against exchange and SEBI system-audit frameworks.

4
Cyber resilience

The controls, drills and reporting SEBI’s cyber security framework mandates for your category.

5
Compliance function

The compliance officer’s reporting line, monitoring calendar, and the evidence trail of issues raised and closed.

6
Filings & closures

Audit reports, exception statements and corrective-action closures filed in format and on time - every period.

How SEBI Compliance Audit Process Works

No black box. A defined, time-bound route from first call to filed audit report.

Applicability & Scoping

Category, activities and the audit types mandated - internal, system, cyber - mapped to the current regulation and circular set.

2–3 days

Audit Fieldwork

Sampled testing of client-protection controls, operations, systems and cyber measures against the applicable frameworks.

1–2 weeks

Findings & Report

Observations graded, management responses captured, and reports prepared in the prescribed filing formats.

within a week

Filing Support & Close-out

Reports filed on the mandated timeline; corrective actions tracked to closure before the next cycle or inspection.

per calendar
The circular set moves faster than most compliance manuals. Every audit starts by re-basing the applicability register against the current circulars - not last year’s.

Not Sure Which Certification You Need?

Three questions. The selector reads the same industry-to-standard mapping this whole site is built on, then shortlists what applies to you.

Question 1 of 3

Which sector best describes your organisation?

Repeat observations are how small findings become enforcement

The first observation costs a response letter. The repeat costs escalation. The audit calendar, run properly, is the cheapest regulatory insurance an intermediary can buy.

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What SEBI Compliance Audit Changes for Your Business

Certification is not a certificate on the wall. It is a working system that pays for itself.

🗓️

The audit calendar, run properly

Internal, system and cyber audits scoped, scheduled and filed per your category’s periodicity - no more period-end scrambles.

🏛️

Inspection-ready evidence

When SEBI or the exchange inspects, the registers, reports and closures are already in the shape inspectors ask for.

🔍

Observations closed, not carried

Findings graded and driven to evidence-backed closure - the repeat observation is what escalates penalties.

🛡️

Cyber framework covered

SEBI’s cyber security and resilience requirements audited and reported alongside the rest - one calendar, not three vendors.

🤝

Cleaner exchange relationships

On-time, well-formed filings keep the exchange and depository conversations routine instead of remedial.

📈

Compliance that scales with the licence

New activities and category changes get mapped into the framework before they trade, not after the first observation.

Knowledge Base - Downloads

Practical documents prepared by our auditors. Fill the short form once and every download on the page unlocks.

REGISTER

SEBI applicability register template

Map your category and activities to the regulations, circulars and audit types that bind them - the document every audit starts from.

CHECKLIST

Intermediary internal audit checklist

Client onboarding to settlement: the control points exchange-format internal audits sample, category by category.

CALENDAR

Compliance audit calendar

A period-wise calendar of audits, filings and board reportings by intermediary category - built to survive staff churn.

GUIDE

Handling SEBI & exchange observations

Grading, responding to and closing observations with evidence - and stopping the repeat findings that escalate.

🔒 Documents are locked. Fill the form once to unlock every download.

Frequently Asked Questions

Straight answers to what buyers ask before they commit to SEBI Compliance Audit.

Which intermediaries need these audits?
Most SEBI-registered categories carry some mandated audit: brokers and DPs (internal and system audits), RTAs, portfolio managers, investment advisers and research analysts on their own periodicities, plus the cyber framework where applicable. The applicability mapping at scoping settles exactly what binds you.
How often are the audits due?
Periodicity is category- and audit-type-specific - commonly half-yearly or annual. The engagement runs your calendar so no period is missed.
Is this a statutory financial audit?
No - it is the compliance, system and cyber auditing SEBI and the exchanges mandate for intermediaries, distinct from statutory accounts audit under company law.
Can you close an inspection observation letter?
Yes - observation-driven engagements grade the findings, build the corrective evidence and support the response on the regulator’s timeline.
We span multiple categories - multiple audits?
Multiple obligations, one coordinated calendar. Overlapping controls are audited once and reported per format, which is most of the efficiency.
Does ISO/IEC 27001 satisfy the SEBI cyber framework?
It covers much of the control substance, but SEBI’s framework has its own specifics, audit cadence and reporting. The two are run together: 27001 as the system, the SEBI audit as the regulatory attestation.
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