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<h1>SEBI Clarifies Cyber Security Rules for Brokers: Quarterly Reports, Annual Audits Required; Type III Brokers Need Half-Yearly Audits.</h1> The Securities and Exchange Board of India (SEBI) issued clarifications on the Cyber Security and Cyber Resilience framework for stock brokers and depository participants. Quarterly reports on cyber-attacks and threats must be submitted by November 30, 2019, for the quarter ending September 30, 2019, and subsequently within 15 days after each quarter. Audits to ensure compliance with these provisions require certification from specified auditors and must be conducted annually for depository participants and stock brokers, with Type III brokers requiring half-yearly audits. Stock exchanges and depositories must amend relevant regulations, inform members, and report implementation status to SEBI monthly.