Description
NSE provides clarification regarding Information Technology and Cybersecurity Committee requirements for Qualified Stock Brokers.
Summary
NSE has issued a clarification regarding the Information Technology and Cybersecurity Committee requirements applicable to Qualified Stock Brokers (QSBs). This circular provides guidance on the composition, responsibilities, and operational framework for IT and cybersecurity governance at QSB level.
Key Points
- Clarification issued for Information Technology / Cybersecurity Committee at Qualified Stock Brokers
- Provides guidance on committee structure and governance requirements
- Addresses operational and compliance aspects of IT security oversight
- Applicable specifically to entities holding QSB status
Regulatory Changes
- No new regulatory changes introduced
- Clarification of existing IT/cybersecurity committee requirements
- Enhanced guidance on governance framework implementation
Compliance Requirements
- QSBs must ensure proper IT and cybersecurity committee structure
- Adherence to specified governance and oversight protocols
- Implementation of clarified committee operational guidelines
- Maintenance of cybersecurity governance standards
Important Dates
- Circular issued: August 22, 2025
- Immediate applicability of clarifications
Impact Assessment
- Medium impact on QSBs requiring alignment with clarified requirements
- Enhances cybersecurity governance framework for qualified entities
- Supports stronger IT risk management practices in the brokerage sector
- No direct impact on trading operations or market participants
Impact Justification
Clarification on IT/cybersecurity governance requirements for QSBs affects operational compliance but not market trading