Securities and Exchange Board of India issued clarifications regarding its Cybersecurity and Cyber Resilience Framework for regulated entities (REs), offering regulatory forbearance and extending compliance deadlines for certain categories.
With regard to the compliance requirements, which are effective from January 1, 2025, under the framework, regulatory forbearance is provided till March 31, 2025.
During this period, the entities will not face penalties for non-compliance, provided they demonstrate progress in implementing the framework.
Further, the compliance deadline has been extended to April 1, 2025, for KYC registration agencies and depository participants.
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