On Apr. 22, IND BSE issued notice regarding cyber audit requirements.
IND BSE issued notice re cyber security, cyber resilience framework for stockbrokers.
Trading members are required to conduct the relevant audit for the period ended Mar. 31, 2025, and submit reports to the IND BSE according to specified categorization.
Follows IND BSE Feb. 2025 called for action taken report on cyber security, #244764.
Audit Categorization and Frequency
Type I members (using trading software provided by IND BSE and application service providers): annual audit; type II members (using CTCL facility): annual audit.
Type III members (using algorithmic trading facility/algo facility): half-yearly audit.
The notice additionally covers the submission deadlines and submission process.
The link for submission of cyber security audit report shall be available from Apr. 30.
Effectiveness
For specified audit periods, preliminary audit report submission is due Jun. 30, 2025; and corrective action taken report submission is due Sep. 30, 2025 (if applicable).
