SEBI has asked large registrars and share transfer agents to put in place a robust cyber security framework, including stringent supervision of outsourced staff having access to critical systems.
In the circular on ‘Cyber Security and Cyber Resilience framework for Registrars to an Issue/ Share Transfer Agents’ (RTAs), the watchdog said the policy in this regard should be approved by the respective boards.
It would be applicable for RTAs servicing more than two crore folios and such entities are also referred to as Qualified RTAs (QRTAs). Such entities have been asked to put in place requisite systems by December 1, according to the regulator. – The Hindu Business Line