Sebi proposes extending cybersecurity rules to subsidiaries of MIIs

The Securities and Exchange Board of India, Sebi, has proposed extending its cybersecurity rules to subsidiaries of Major Indian Intermediaries, or MIIs. This move aims to close oversight gaps involving critical technology, data, and infrastructure. The proposal seeks to cover subsidiaries linked to MII activities, data, or shared infrastructure, and comments are due by October 2. This development could have implications for the overall cybersecurity posture of Indian markets, particularly for companies with complex organizational structures.

Why it matters

Sebi is proposing to extend cybersecurity rules to subsidiaries of MIIs, which is a regulatory move. This move is intended to close oversight gaps involving critical technology, data, and infrastructure.

Market impact

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