Regulatory tax alert

Consultation Paper on Consolidated Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities

The Securities and Exchange Board of India (SEBI) released a consultation paper which examines the implementation of a ‘Consolidated Cyber Security and Cyber Resilience Framework’ (CSCRF) for its Regulated Entities (REs). It aims to establish a unified framework that encompasses various strategies to safeguard REs and Market Infrastructure Institutions (MIIs) against cyber risks and incidents. The consolidated CSCRF proposes to supersede the previously issued SEBI cybersecurity circulars between 2015 to 2023 to be complied by MIIs, Stockbrokers/Depository Participants, Mutual Funds/Asset Management Companies (AMC), KYC Registration Agencies (KRAs), Qualified Registrars to an Issue / Share Transfer Agents (QRTAs), Portfolio Managers.