Sebi extends cybersecurity framework compliance deadline by 2 months
Empower your mind, elevate your skills
Markets regulator Sebi on Monday extended the deadline by two months till August for regulated entities to adopt and implement the cybersecurity and cyber resilience framework The framework is designed to ensure that Sebi-regulated entities (REs) maintain a robust cybersecurity posture, remain equipped with adequate cyber resiliency measures and can withstand, respond to, and recover from cyber threats, effectively.The move came after Sebi received multiple requests for extension of timelines to ensure ease of compliance for them."Therefore, it has been decided to extend the compliance timelines by two months, i.e., till August 31, 2025 to all REs, except Market Infrastructure Institutions (MIIs), KYC Registration Agencies (KRAs), and Qualified Registrars to an Issue and Share Transfer Agents (QRTAs)," Sebi said in a circular.This marks the second extension granted by the regulator.Recognising the need for robust cybersecurity measures and protection of data and IT infrastructure, Sebi issued the Cybersecurity and Cyber Resilience Framework (CSCRF) for its regulated entities in August 2024.After receiving various queries from REs seeking clarification on the framework, the Securities and Exchange Board of India (Sebi) issued a clarification in December.The CSCRF is a significant step in adapting towards evolving cyber risks and technological advancements.The regulator emphasised that the framework aims to enhance the resilience of regulated entities, enabling them to withstand and recover from cyber incidents effectively.The regulator said the stock exchanges and depositories have been directed to inform their members and participants of the updated compliance deadline and disseminate the circular on their respective websites. PTI
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 hours ago
- Economic Times
Sebi proposes lower entry threshold for large-value AIFs at Rs 25 crore
In a consultation paper issued on Friday, the regulator said the changes aim to widen investor participation and cut compliance costs. The proposals follow recommendations from Sebi's Alternative Investment Policy Advisory Committee and the Ease of Doing Business Working Group. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets regulator Sebi has proposed a slew of relaxations for large value funds (LVFs) under the alternative investment funds framework , including reduction in minimum investment requirement to Rs 25 crore from the current Rs 70 a consultation paper issued on Friday, the regulator said the changes aim to widen investor participation and cut compliance proposals follow recommendations from Sebi's Alternative Investment Policy Advisory Committee and the Ease of Doing Business Working key proposal is to lower the investment threshold to Rs 25 crore, which the regulator said will attract more domestic institutional players such as insurance companies and diversify the investor present, the working groups highlighted that LVF threshold of Rs 70 crore is too high and many investors, including some institutional investors, have limitations on the has also proposed exempting LVFs from several compliance requirements, including the need to follow the standard template for private placement memoranda (PPM), mandatory annual audits of PPM terms, and the responsibility placed on investment committee members for approving fund NISM certification mandate for key investment team members of fund managers may also be waived for LVF-only the regulator has proposed removing the cap of 1,000 investors per AIF scheme for LVFs, citing the large ticket size and the accredited investor base as sufficient also recommended allowing existing AIF schemes, whose investors meet LVF criteria, to convert into LVFs with the consent of all investors. This would enable them to benefit from the proposed markets watchdog noted that LVFs have seen steady traction since their introduction in August 2021, but could play a bigger role in channelling long-term investments, especially into unlisted securities, if entry barriers are Securities and Exchange Board of India has invited public comments on the proposals till August 29.
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
Sebi streamlines norms for converting private InvITs to public ones
Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These changes will replace earlier references to "initial offers" with "follow-on offers" in several provisions of Sebi's norms for InvITs issued in May 2024, as per the circular. The revised framework, effective immediately, aims to protect investor interests, promote market development and ensure regulatory consistency. Sebi has directed recognised stock exchanges and the Bharat InvITs Association to disseminate the updated norms on their websites. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
3 hours ago
- Time of India
Sebi proposes lower entry threshold for large-value AIFs at Rs 25 crore
Academy Empower your mind, elevate your skills Markets regulator Sebi has proposed a slew of relaxations for large value funds (LVFs) under the alternative investment funds framework , including reduction in minimum investment requirement to Rs 25 crore from the current Rs 70 a consultation paper issued on Friday, the regulator said the changes aim to widen investor participation and cut compliance proposals follow recommendations from Sebi's Alternative Investment Policy Advisory Committee and the Ease of Doing Business Working key proposal is to lower the investment threshold to Rs 25 crore, which the regulator said will attract more domestic institutional players such as insurance companies and diversify the investor present, the working groups highlighted that LVF threshold of Rs 70 crore is too high and many investors, including some institutional investors, have limitations on the has also proposed exempting LVFs from several compliance requirements, including the need to follow the standard template for private placement memoranda (PPM), mandatory annual audits of PPM terms, and the responsibility placed on investment committee members for approving fund NISM certification mandate for key investment team members of fund managers may also be waived for LVF-only the regulator has proposed removing the cap of 1,000 investors per AIF scheme for LVFs, citing the large ticket size and the accredited investor base as sufficient also recommended allowing existing AIF schemes, whose investors meet LVF criteria, to convert into LVFs with the consent of all investors. This would enable them to benefit from the proposed markets watchdog noted that LVFs have seen steady traction since their introduction in August 2021, but could play a bigger role in channelling long-term investments, especially into unlisted securities, if entry barriers are Securities and Exchange Board of India has invited public comments on the proposals till August 29.
