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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Cyber security and Cyber Resilience Audit of Trading Members (Type-III) and submission of audit report

23-Oct-2023 | Circular No.94/2023

The Securities Exchange Board of India (SEBI) has issued a notification on Cyber security and Cyber Resilience Audit of Trading Members and submission of audit report by them to the exchange.

By virtue of this Notification all stock brokers/depositors participants and trading members using Algorithm software (Type-III) are required to conduct Cyber security and Cyber Resilience Audit for the period of April 1,2023 to September 30, 2023 and submit report to the exchange as per the following timelines:-

i) Preliminary Audit report till November 30,2023
ii) Action Taken report (if applicable) till February 29, 2023
iii) Follow-on Audit report till May 31, 2024

These reports are to be submitted by both Qualified and Non-qualified stock brokers.

Submission shall be considered complete only after submission of reports by trading members to the exchange after providing management comments. Penalty for delay in submission of reports mentioned above are provided under Annexure-C of this circular.

Link for submission of audit report shall be available from October 23, 2023.

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