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Sebi proposes sweeping revamp of tech rules for exchanges
Sebi's proposed tech overhaul tightens incident reporting and vendor audits for exchanges. The draft rule sets a 24-hour cyber-incident clock and mandates live disaster-recovery drills twice a year.
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India's market regulator proposed a broad overhaul of the technology rules governing stock exchanges, clearing corporations and depositories, aiming to tighten governance around system failures, incident reporting and disaster recovery.
The Securities and Exchange Board of India circulated a consultation paper Friday that would replace the current Cyber Security and Resilience Framework, in effect since 2015, with a more detailed set of requirements. The draft covers infrastructure resilience, third-party vendor oversight and the role of a designated chief information security officer at every market infrastructure institution.