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of <h1>SEBI Strengthens Cybersecurity Rules for MIIs: Biannual Audits, CEO Declarations, and Immediate Compliance Required.</h1> The Securities and Exchange Board of India (SEBI) has updated its Cyber Security and Cyber Resilience framework for stock exchanges, clearing corporations, and depositories. Market Infrastructure Institutions (MIIs) must now conduct comprehensive cyber audits twice a year and submit a declaration from their MD/CEO certifying the implementation of measures to identify and close IT vulnerabilities, adequate staffing of their Security Operations Center, and compliance with SEBI's cyber security directives. MIIs identified as Critical Information Infrastructure must report vulnerabilities to the National Critical Information Infrastructure Protection Centre. The circular's provisions are effective immediately, with implementation status to be reported to SEBI within 30 days.
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