NSE Circular on: Cyber Security and Cyber Resilience Audit Report of Trading Members (Type III)

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Date	Issuer	Subject	Topic
07-10-2022	NSE	Cyber Security and Cyber Resilience Audit Report of Trading Members (Type III)	Cyber Security
Highlights of NSE Circular dated October 07, 2022 Cyber Security and Cyber Resilience Audit Report of Trading Members (Type III) Through this circular, NSE has informed Stock Brokers / Depository Participants, trading members using algorithm software (Type – III) to conduct cyber security and cyber resilience audit for the period April 01, 2022 to September 30, 2022 and submit the report to the Exchange as per the following timelines:   Audit Period Last date for Submission         Half Yearly (April 22- September 22) November 30, 2022 February 28, 2023 May 31, 2023   NSE has also specified following penalty/disciplinary actions for late/non- submission of Cyber Security and Cyber Resilience Audit Report: Penalty/disciplinary actions Penalty/disciplinary action in case of Repeat violation/contravention 1.      For 1st week after due date, Charges of Rs. 2,500/- per day 2.      Charges of Rs. 5000/- per day from second week after due date 3.      In case of non-submission within three weeks from the due date of submission, new client registration to be prohibited and notice of 7 days for disablement of trading facility till submission of data/report. The disablement notice issued to the member shall be shared with all the Exchanges for information. 4.      In case of non-submission within four weeks from the due date of submission, Member shall be disabled in all segments till submission of data/report. In case of a repeat instance by the Member, levy of applicable monetary penalty along with an escalation of 50%.   In case of non-submission for within three weeks from the due date of submission, new client registration to be prohibited and notice of 7 days for disablement of trading facility till submission of data/report.   The disablement notice issued to the member shall be shared with all the Exchanges for information. In case of non-submission within four weeks from the due date of submission, Member shall be disabled in all segments till submission of data/report.     NSE Circular No. NSE/INSP/53992 dated October 07, 2022 is enclosed herewith for your ready reference. In case of any clarification or assistance required in implementation of this circular you may contact Vandana Vania– van...@secmark.in / 9223303460        Kaushik Jethwa – kau...@secmark.in / 9870210171

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