The National Securities Depository Limited (NSDL) on September 18, 2024, issued a circular regarding the submission of the Annual System Audit Report.
The attention of Participants is invited to Circular No. NSDL/POLICY/2018/0069 dated December 6, 2018 in response to Circular No. SEBI/HO/MIRSD/CIR/PB/2018/147 dated December 03, 2018, on ‘Cyber Security & Cyber Resilience framework for Stockbrokers / Depository Participants’.
As per paragraph 58 of the abovementioned SEBI circular, Participants were directed to audit their Systems on an annual basis by a CERT-IN empaneled auditor or an independent CISA/DISA/CISM qualified auditor to check compliance with the above areas and shall submit the report to depositories along with the comments of the Board / Partners / Proprietor of Participant within three months of the end of the financial year.
At present, Participants are required to submit a consolidated report to comply with the abovementioned circular. Pursuant to guidance received from SEBI, w.e.f. FY 2024-25, Participants shall submit two separate reports, i.e. one for System Audit and one for Cyber Security Audit.
[Circular No.: NSDL/POLICY/2024/0132]
