Close SEBI inspection findings only with tested evidence

Tie each SEBI, exchange, depository or cyber audit observation to its records, root cause, named owner, corrected process and a tested sample. Compliance can submit an action taken report that holds at the next inspection, seeking an extension where the remediation cannot yet be tested.

Starts when

An inspection observation letter or final inspection report is received from SEBI, an exchange, a clearing corporation or a depository
An internal or concurrent audit reports an inspection observation as still open
A cyber audit or VAPT report contains open findings

People in the process

CComplianceProcess Owner
OOperationsParticipating Team
LLegalParticipating Team
IInternal AuditParticipating Team

The process is a starting point. The standards are yours.

Configure for the SEBI registration, exchange membership and business activity. Broker, fund, portfolio-manager and investment-adviser requirements are separate.

Keep the work connected.

Compliance

Reconcile client funds and cover any shortfall the same day

Compare client money at the bank, clearing member and clearing corporation with client credit balances, and trace every break to a timing difference, wrong allocation or misuse. Finance can fund any shortfall the same day it is found while Compliance reports it and closes the break with evidence.

Compliance

File each SEBI return from the right entity's books

Confirm the registered entity, format, deadline and channel for each return, then reconcile every figure to that entity's own books and earlier filings. Compliance can file signed-off returns on time with acknowledgements saved and report any late or wrong filing immediately.

Compliance

Apply each new SEBI circular to the right entities

Read each SEBI, exchange, clearing corporation or depository circular for its addressees, phased effective dates and what it replaces, then map the communications, records, contracts and controls to change. Compliance can assign owners before each effective date and close items only on implementation evidence.

Explore all Capital markets processes.

Order for the work. Room for the people.