SEBI Modifies Cyber Security and Cyber resilience framework for Stock Brokers / Depository Participants – 30th June, 2022

Mehta & Mehta > SEBI Updates > SEBI Modifies Cyber Security and Cyber resilience framework for Stock Brokers / Depository Participants – 30th June, 2022
  • SEBI, vide circular dated 03rd December, 2018, 15th October, 2019 and 07th June, 2022 prescribed framework for Cyber Security and Cyber Resilience for Stock Brokers / Depository Participants.
  • Further, SEBI vide its circular dated 30th June, 2022 made partial modifications in the paragraph 52 of Annexure -1 of SEBI Circular dated 03rd December, 2018.
  • SEBI in the Circular said that Stock Brokers and Depository Participants must notify the stock exchanges or depositories as well as SEBI of any cyberattacks, threats or breaches within six hours of them becoming aware of the incident or it being brought to their notice.
  • The incidents must also be reported to the Indian computer emergency response team (CERT-In).
  • Further, Stock Brokers / Depository Participants shall take necessary steps for implementation of this Circular.
  • The provisions of the Circular shall come into force with immediate effect.
Link to the Circular:
https://www.sebi.gov.in/legal/circulars/jun-2022/modification-in-cyber-security-and-cyber-resilience-framework-for-stock-brokers-depository-participants_60453.html
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