Capital markets regulator Sebi has proposed a comprehensive overhaul of the technology and cyber security framework governing stock exchanges, clearing corporations and depositories, with the aim of simplifying regulations, removing overlaps and strengthening cyber resilience.
In a consultation paper issued on Sunday, the regulator proposed consolidating multiple circulars and master circulars into a simpler framework while aligning legacy rules with the Cyber Security and Cyber Resilience Framework (CSCRF). Public comments have been invited until July 13.