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Stories

SEBI IT and Cyber Security Framework for Market Infrastructure Institutions

Still running. 2 entries so far, over 19 days from 25 August 2026.

01
25 August

SEBI IT Resilience Index

  • SEBI has introduced the Information Technology Resilience Index (ITRI) for Market Infrastructure Institutions (MIIs).
  • MIIs covered include stock exchanges and depositories.
  • The ITRI evaluates MIIs based on nine parameters: availability, security, integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, and other relevant factors.
  • MIIs are mandated to develop an Early Warning System (EWS) to detect potential IT performance deterioration or system disruptions.
  • The objective is to strengthen the resilience of IT systems within the financial market infrastructure.
02
12 September

SEBI proposal for MIIs IT framework

  • SEBI has proposed extending the existing IT and cyber security framework currently applicable to Market Infrastructure Institutions (MIIs) to their subsidiaries.
  • MIIs include stock exchanges, depositories, and clearing corporations.
  • The proposal aims to strengthen regulatory oversight over the entire ecosystem of MIIs.
  • Currently, the applicability and regulatory jurisdiction of SEBI's IT and cybersecurity frameworks are not explicitly defined for the subsidiaries of MIIs.
  • SEBI noted that MIIs often utilize the services of their subsidiaries for critical activities, necessitating close operational coordination.

Questions from this story

Newest first. A story that ran for 19 days is exactly the kind the mains paper asks about as one question.

  1. Discuss the rationale behind SEBI's proposal to extend IT and cybersecurity frameworks to the subsidiaries of Market Infrastructure Institutions (MIIs) in the context of financial market stability. 150 words · 12 September
  2. Discuss the significance of the Information Technology Resilience Index (ITRI) introduced by SEBI in ensuring the stability and integrity of India's financial market infrastructure. 150 words · 25 August