Sebi tightens cyber security norms for MIIs, mandates thorough audits

MDs and CEOs of MIIs to submit declaration of compliance with all circulars and advisories on cyber security issued by Sebi from time to time

The Securities and Exchange Board of India (Sebi) on Friday tightened norms around cyber security for market infrastructure institutions (MIIs).

The regulator has mandated MIIs to conduct comprehensive cyber audits at least two times in a financial year.

Further, the managing directors (MD) and chief operating officers (CEO) of the MIIs have been directed to submit a declaration of compliance with all circulars and advisories related to cyber security issued by Sebi from time to time.

The market regulator has also directed MIIs to communicate the status of the implementation of the provisions of the latest circular it has issued on cyber security