If not already covered by an RBI or other regulator, the shared infrastructure will also be dited.
Further, if the regulatory entities (RES) complies with the RBI (or other regulator) cybercurity rules that are equivalent to SEBI, such compliance markets will be accepted by the supervision.
In its circular, Sebi also described the definition of complex systems, stating that it contains all the systems that affect core operations, stores or transmit regulated data, client-facing applications, internet-facing systems and other systems on the same network.
The RES has been asked to adopt zero-trust principles such as network split, high availability, and one issue of failure with the approval of their IT committees.
The regulator said that the guide related to the mobile application recommends, not mandatory, while in response to a cyber crisis, entities must act according to their cyber emergency management plan instead of issuing a press release.
The regulator further clarified that the threat is encouraged to deploy equipment such as simulation, weakness management and decoy systems but not mandatory.
It is also necessary to evaluate the third-party/vendor risks by consulting the entities with their IT committees.
On matters related to the Audit Dit, Sebi said, “While receiving and handling the cyber Audit detection reports submitted by their members, stock exchanges and deposits will ensure that there is sufficient security to maintain the secrecy and integrity of such reports.”
In terms of disaster recovery, the RES should be able to maintain the purpose (RPO) of 15 minutes, resuming severe operation within two hours (RTO), and plan for scenes that do not meet the timeline. Sebi said.
The regulator has also improved the threshold and classification of regulated entities under CSCRF. For portfolio managers, people with assets under management (AUM) of Rs 10,000 crore and above will be classified as a qualified RES, while Rs. Those operators between 3,000 crore and 10,000 crore will come under the RE category of the Middle-sized.
Portfolio managers with Rs 3,000 crore or following AUMs will be considered as small RESs, and the minimum threshold can be classified as self-enabled rays with simple compliance requirements.
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For Merchant Bankers (MBS), all active MB-traders carry out banking activities during the relevant period-will be classified as small-sized RESs for the purposes, while inactive MBS will be exempted from CSCRF provisions.
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