Markets regulator Sebi on Thursday clarified that the cybersecurity and cyber resilience framework (CSCRF) applies only to systems used exclusively for its regulated activities. Shared infrastructure will also be audited if not already covered by the RBI or another regulator. Further, if regulated entities (REs) comply with RBI (or other regulator) cybersecurity rules that are … Read more
KYC fraud: In a bid to prevent Know Your Customer (KYC) data from fraud and misuse, the launch date for masking KYC identifiers in the Central KYC Records Registry (CKYCRR) has been extended to January 20, 2025. This effort, designed to enhance data security and curb potential misuse, will conceal sensitive KYC information such as Aadhaar, … Read more
The Reserve Bank on Friday said an advisory group has been constituted to assist the second Regulatory Review Authority (RRA 2.0) which was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities. Headed by SBI Managing Director S Janakiraman, the advisory group will assist the … Read more