The Securities and Exchange Board of India (SEBI) on January 10, 2019 has decided that the framework prescribed vide SEBI circular CIR/MRD/DP13/2015 dated July 06, 2015 on cyber security and cyber resilience also be made applicable to all Mutual Funds / Asset Management Companies (AMC) on the recommendation of SEBI’s High Powered Steering Committee - Cyber Security.
Accordingly, all Mutual Funds / AMCs shall comply with the provisions of Cyber Security and Cyber Resilience as placed at Annexure-1 (page 2).
Mutual Funds / AMCs are advised to take necessary steps to put in place systems for implementation of the circular. The guidelines annexed with the circular shall be effective from April 1, 2019.
[Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/12]