This is with reference to SEBI Circulars SEBI/HO/MIRSD/TPD/P/CIR/2022/80 dated June 7, 2022; SEBI/HO/MIRSD/MIRSDPoD-1/P/CIR/2023/24 dated February 06, 2023 and Exchange Notice No. 20220919-2 dated September 19, 2022, 20221208-43 dated December 8, 2022, 20230207-3 dated February 07, 2023, 20230303-66 dated March 03, 2023 and 20230601-54 dated June 01, 2023 regarding Modification in Cyber Security and Cyber resilience framework for Stock Brokers, Submission of VAPT and Compliance Report, Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs).
In order to ensure strict adherence to the regulatory requirements by Members with the prescribed framework applicable for VAPT submission and timely closure of vulnerabilities, penalty structure has been prescribed in Annexure A and shall come into effect from submissions of FY 2023-24 (Including Half yearly for QSB’s) and onwards.
All Members are advised to take note of the above and put in place adequate systems and procedures to ensure strict adherence to the compliance requirements..
In case of any clarifications, members may contact us on details given as under:
For and on behalf of BSE Ltd.
Hiteshkumar Desai Richa Ghosh
General Manager Asst. Gen. Manager
Brokers’ Supervision Brokers’ Supervision |