The Securities and Exchange Board of India (SEBI) on August 29, 2023, issued the Guidelines for MIIs regarding Cyber security and Cyber resilience.
The Market Infrastructure Institutions (MIIs) need to have a robust cybersecurity framework to provide essential facilities and perform systemically critical functions relating to trading, clearing and settlement in securities market. It is also important that MIIs establish and continuously improve their Information Technology (IT) processes and controls to preserve confidentiality, integrity and availability of data and IT systems.
In view of the above, based on the recommendations of the High Powered Steering Committee on Cyber Security of SEBI and in consultation with MIIs, it has been decided to issue guidelines for strengthening the existing cyber security and cyber resilience framework of MIIs.
The said guidelines are placed at Annexure-A and MIIs are required to comply with the same.
The provisions of the Circular shall come into force with immediate effect.
[Notification No. SEBI/HO/MRD/TPD/P/CIR/2023/146]
