The Bombay Stock Exchange (BSE) on July 04, 2023, issued a notification regarding the Penalty proposal towards disincentives/ penalties towards non-compliance with Cyber Security Audit, System Audit, Cyber Incident Reporting, Technical Glitch related violations by members.
The following has been stated namely: -
• Technical Glitch and Incident reporting, penalty structure has been prescribed in order to ensure strict adherence to the regulatory requirements by Members.
• The penalty will be applicable for late submission/Non-Compliances reported in preliminary audit report submissions made for the half year ended September 2023 and onwards as provided
• The penalty for Technical Glitch and Incident reporting prescribed in the attached penalty structure would be applicable from July 04, 2023
• The penalty for Technical Glitch and Incident reporting has been prescribed in Annexure A
[Notification No. 20230704-27]
