Sebi proposes extending IT, cyber security framework of MIIs to their arms

Markets watchdog Sebi on Friday proposed extending the IT and cyber security framework of Market Infrastructure Institutions (MIIs) — comprising stock exchanges, depositories, and clearing corporations — to their subsidiaries to strengthen regulatory oversight.

While MIIs are governed by Sebi and operate in compliance with its IT and cybersecurity frameworks, the applicability and regulatory jurisdiction of these framework are not explicitly defined over their subsidiaries.