Sebi tweaks cybersecurity and cyber resilience framework for AMCs

The Securities and Exchange Board of India (Sebi) on Thursday tweaked the cyber security and cyber resilience framework for asset management companies (AMCs) and mandated them to conduct a comprehensive cyber audit at least twice in a financial year.

Along with the cyber audit reports, AMCs have been asked to submit to stock exchanges and depositories a declaration from the managing director (MD) and chief executive officer (CEO), certifying compliance by them with all Sebi guidelines and advisories related to cyber security issued from time to time, according to a circular.

The new framework will come into force from July 15.

Under the