News and developments
CYBERSECURITY AND CYBER RESILIENCE FRAMEWORK BY SEBI: A STEP TOWARDS DIGITAL SAFETY
On August 20, 2024, the Securities and Exchange Board of India (“SEBI”) took a major step towards improving the cybersecurity landscape in India’s financial sector by releasing the Cybersecurity and Cyber Resilience Framework (“CSCRF”) for SEBI Regulated Entities (“Regulated Entities/RE”), including but not limited to:
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- Alternative Investment Funds (AIFs)
- Bankers to an Issue (BTI) and Self-Certified Syndicate Banks (SCSBs)
- Clearing Corporations
- Collective Investment Schemes (CIS)
- Credit Rating Agencies (CRAs)
- Custodians
- Depositories and Depository Participants
- Investment Advisors and Research Analysts
- KYC Registration Agencies
- Merchant Bankers