Securities and Exchange Board of India – РИСК-АКАДЕМИЯ – АНО ДПО ИСАР

SEBI to Expand Risk Management Committee’s Role at Listed Entities

riskacademy — Sun, 15 Nov 2020 22:20:24 +0000

The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.

SEBI (Securities and Exchange Board of India) has issued a new consultation paper proposing to expand the applicability and role of risk management committees at listed companies.

The move is aimed at enhancing corporate governance of listed companies, in line with recommendations provided by an expert panel constituted in 2017.

The requirement to constitute a risk management committee was previously extended to the top 500 listed companies based on market cap, from just the top 100 listed companies previously.

In the latest circular, SEBI proposed to extend the requirement to the top 1,000 listed companies, based on market cap.

The roles and responsibilities of the risk management committee is defined by the board of each individual company. SEBI previously expanded this to mandatorily cover cyber security and related risks.

In the latest circular, SEBI has further expanded the risk management committee’s role to include the formulation of a risk management policy, which shall include the identification of internal and…

Sebi ramps up digital security focus, invites bids to revamp IT infrastructure, IT News, ET CIO

riskacademy — Sat, 11 Jul 2020 17:57:32 +0000

In yet another move to push better digital infrastructure in network and communication systems, the Securities and Exchange Board of India (Sebi) is looking to adopt advanced technology for centralised control over its network and IP (internprotocol) telephony infrastructure. The move is also important in light of recent cyber attacks on NHAI digital infrastructure.

The market regulator also plans to deploy an agency to revamp its IT infrastructure network. The body has also invited Expression of Interest (EoI) from solution providers for “upgrade and revamp of IT network, IP telephony and video conferencing set-up of Sebi,” the regulator said on Thursday.

The interested bidders are asked to submit their applications by July 29.

“The proposed solution should be robust, secure, stable, efficient and easy to manage and should have the latest collaborative features,” Sebi said.

The advance digitisation of IT infrastructure has gained momentum after the launch of Centre’s flagship Digital India programme. Further the rise in the number of cyber attacks on key installations has led to adoption of digital safeguards.

The market regulator in its EoI has sought the security of the…