SEBI Modifies Cyber Security and Cyber resilience framework of Stock Brokers / Depository Participants – 07th June, 2022

SEBI, vide circular dated 03 rd December, 2018 prescribed framework for Cyber Security and Cyber Resilience for Stock Brokers / Depository Participants.

Further, SEBI vide its circular dated 07 th June, 2022 made partial modifications in the Paragraph – 11, 41, 42 and 44 of the Annexure -1 of SEBI Circular dated 03 rd December, 2018.

SEBI mandated Stock Brokers / Depository Participants to conduct comprehensive cyber audit at least once in a financial year. Further, along with the Cyber audit report, a declaration from the MD/ CEO/ Partners/ Proprietors certifying compliance by all SEBI Circulars and advisories related to Cyber security from time to time.

Other than that, Stock Brokers / Depository Participants shall take necessary steps for implementation of this Circular and are directed to communicate the status of implementation of the circular to Stock Exchanges/ Depositories within 10 days from the date of this Circular. The provisions of the Circular shall come into force with immediate effect.

Link to the Circular: View Circular