SEBI mulls consolidating tech, cybersecurity norms
Markets regulator SEBI on Monday proposed a comprehensive overhaul and consolidation of information technology-related regulations applicable to market infrastructure institutions aimed at simplifying compliance requirements, removing redundancies and ensuring regulatory consistency across.
In its consultation paper, the regulator proposed merging provisions of the Master Circulars for stock exchanges and clearing corporations with the Master Circular for commodity derivatives, while also creating a consolidated circular covering common IT-related areas such as cyber security, cyber resilience, annual system audits, business continuity planning and disaster recovery (BCPDR), capacity planning and technology advisories.
