Sebi extends deadline for comments on proposed cyber resilience framework

Sebi extended the deadline till August 8 for submission of public comments on a consultation paper for boosting cyber security framework

New Delhi: Capital markets regulator Sebi on Friday extended the deadline till August 8 for submission of public comments on a consultation paper for boosting cyber security framework for entities regulated by it.

Earlier, the deadline was July 25.

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“It has been decided to extend the timeline for submission of comments to August 8, 2023,” the Securities and Exchange Board of India (Sebi) said in a statement.

The consultation paper on ‘Consolidated Cyber Security and Cyber Resilience Framework’ for Sebi Regulated Entities (REs) aims to provide a common structure for multiple approaches to cyber security to prevent any cyber risks/incidents.

The proposed framework is based on five concurrent and continuous functions of cyber security as defined by NIST — identify, protect, detect, respond, and recover.

NIST refers to the National Institute of Standards and Technology.