Technology Committee for Mutual Funds / Asset Management Companies (AMCs) AMCs are advised to constitute a Technology Committee comprising experts proficient in technology to deal with various technology related issues. Such committee shall have at least one independent external expert with adequate experience in the area of technology in Mutual Fund industry / BFSI.
The committee should review the cyber security and cyber resilience framework for Mutual Funds / AMCs.
This is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
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