Regulation guide

SEBI Cyber Resilience

Operationalize the SEBI Cyber Resilience requirements—from regulatory obligations and evidence collection to vendor assessments, continuous monitoring, governance, and remediation workflows.

Overview

SEBI cyber resilience expectations apply through circulars and frameworks for market infrastructure institutions and regulated intermediaries. The exact requirements depend on the entity type and current SEBI circular.

SEBI wants securities market participants to protect systems, investor data, market infrastructure, and trading or settlement operations from cyber incidents and operational disruption. Third-party technology providers matter because regulated entities depend on software, hosting, connectivity, managed services, and support providers.

Rather than prescribing identical controls for every relationship, the regulation emphasizes a risk-based approach, requiring organizations to apply governance, oversight, controls, monitoring, and due diligence according to the criticality and risk of each relationship.

This implementation guide explains what the regulation requires, how those requirements translate into operational controls and evidence, and how Halbarad helps organizations operationalize compliance through assessments, continuous monitoring, governance workflows, and supply chain risk intelligence.

Official Sources

Intent of the Guide

SEBI wants securities market participants to protect systems, investor data, market infrastructure, and trading or settlement operations from cyber incidents and operational disruption. Third-party technology providers matter because regulated entities depend on software, hosting, connectivity, managed services, and support providers.

Operationalization Requirements

  • Identify the applicable SEBI cyber circular for the entity.
  • Map systems, providers, data, market functions, access, and recovery requirements.
  • Maintain cyber controls, incident response, vulnerability management, audit, and resilience

testing.

  • Monitor technology providers and remediate findings.

Evidence Requirements

  • Applicability analysis.
  • Cyber policies, system inventory, and provider map.
  • Access, vulnerability, monitoring, incident, audit, and drill evidence.
  • Provider assessments, issues, remediation, and reporting.

Common Gaps

  • Entity-specific circular requirements are treated generically.
  • Provider dependency is not mapped to market operations.
  • Cyber drill findings are not connected to provider remediation.

How Halbarad Helps

Halbarad helps teams connect providers to systems, cyber controls, incidents, testing, issues, remediation, and management reporting.

Disclaimer

This guide is for general information only and is not legal advice. Review the official regulation, guidance, and supervisory materials, and consult qualified counsel or compliance advisors for your organization's specific obligations.