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<h1>SEBI Requires Asset Management Companies to Form Technology Committee with Independent Expert for Cybersecurity Oversight.</h1> The Securities and Exchange Board of India (SEBI) mandates that Asset Management Companies (AMCs) establish a Technology Committee to address technology-related issues in the asset management sector. This committee should include at least one independent external expert with experience in technology within the Mutual Fund industry or the broader financial sector. The committee's responsibilities include reviewing cyber security and cyber resilience frameworks and system audit aspects as outlined in previous SEBI circulars. This directive aims to enhance risk management and protect investors, issued under the authority of the SEBI Act, 1992 and Mutual Funds Regulations, 1996.