SEBI Circular on Cyber Security and Resilience Framework for Mutual Funds and AMCs

Circular on cyber security and cyber resilience SEBI

What are these guidelines?

SEBI has issued a circular to maintain robust cyber security and resilience frameworks to protect the integrity of data and breaches against privacy. As part of the operational risk management there is a requirement for all Mutual Funds (MF) and Asset management Companies (AMC) to comply with circular SEBI/HO/IMD/DF2/CIR/P/2019/12 effective April 1 2019

What do these guidelines cover?

The focus of the circular is on Cyber Security and Cyber resilience. It is based on the recommendation of SEBI’s Hig Powered Steering Committee where it was decided that the framework prescribed vide SEBI circular CIR/MRD/DP13/2015 dated July 06, 2015 on cyber security and cyber resilience also be made applicable to all Mutual Funds / Asset Management Companies.

Who are these applicable to?

This guidelines document is applicable to all Mutual Funds and Asset Management Companies regulated by the Securities Exchange Board of India. These guidelines are applicable to all data created, received or maintained by MFs and AMCs wherever these data records are and whatever form they are in, in the course of carrying out their designated duties and functions