Existing mutual fund folios will be frozen for debits if nomination opt-in or opt-out declaration is not given by March 31, 2023, according to a recent guideline by Sebi.
Sebi has sought permission from the central government under the Information Technology Act, 2000 to increase its surveillance power in view of increased usage of new technological tools by market participants.
All auxiliary systems that connect to or communicate with critical systems, whether for operations or maintenance, must be designated as critical systems as well
The finance minister made it clear that using the distributed ledger technology (DLT), which is also called as blockchain, is “absolutely imperative” and the government also supports the use of the same
Sebi has made the cyber security framework more robust for market infrastructure institutions (MII), which include stock exchanges, depositories, clearing corporations, among others