Sebi issues guidelines for boosting risk management in the MF industry

Sebi has directed asset management companies (AMCs) to constitute a technology committee to review the cyber security and resilience framework of the MF industry

The Securities and Exchange Board of India (Sebi) on Thursday issued two circulars aimed at boosting the risk management systems in the Rs 24-trillion mutual fund (MF) industry. The regulator directed asset management companies (AMCs) to constitute a technology committee to review the cyber security and resilience framework of the MF industry. Sebi said that the tech committee should have at least one independent external expert with experience in the area of technology in the MF and financial industry.

“With rapid technological advancement in securities market, technology is playing a very important role in asset management business and have a