Sebi slaps Rs 5 crore fine on ICCL for audit and cybersecurity lapses

The Securities and Exchange Board of India (Sebi) on Tuesday imposed a total penalty of Rs 5.05 crore on Indian Clearing Corporation (ICCL), a wholly owned subsidiary of BSE, for alleged violations of cyber security and system audit-related norms.

The market regulator conducted an inspection between December 2022 and July 2023, following which it sent the show-cause notice in October 2024.