Context: Tuhin Kanta Pandey, Chairman of SEBI, launched two new web portals — ‘SEBI Incident Reporting’ and ‘Cyber Suraksha’ — to strengthen cybersecurity and information sharing across the securities market ecosystem.
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The Two Portals
| Portal | Purpose |
|---|---|
| SEBI Incident Reporting | A new version of SEBI’s incident reporting portal, making cyber-incident reporting more structured, timely and actionable |
| Cyber Suraksha | A central hub for sharing cybersecurity information — cybersecurity knowledge, vulnerability warnings, policy measures and incident insights |
The Incident Reporting portal is aligned with the Financial Stability Board (FSB)’s Format for Incident Reporting Exchange (FIRE), ensuring smooth exchange of cross-border incident reporting.
NISM RegTech Lab
- The SEBI Chairman also inaugurated the RegTech Lab at the National Institute of Securities Markets (NISM), Patalganga campus, Mumbai.
- Purpose: promote technology-enabled and practical learning in regulatory compliance and securities-market regulation.
Background
- SEBI is the regulator of India’s securities markets, established under the SEBI Act, 1992, headquartered in Mumbai.
- NISM is a public trust established by SEBI in 2006 for education, training and research in securities markets.
- SEBI’s Cybersecurity and Cyber Resilience Framework (CSCRF) governs cybersecurity requirements for regulated entities.
- The Financial Stability Board is an international body monitoring the global financial system, hosted by the BIS at Basel.
Practice MCQs
Q1. With reference to the portals launched by SEBI, consider the following statements:
a. The two portals launched were ‘SEBI Incident Reporting’ and ‘Cyber Suraksha’.
b. The Incident Reporting portal is aligned with the Financial Stability Board’s Format for Incident Reporting Exchange.
c. Cyber Suraksha will serve as a central hub for cybersecurity knowledge, vulnerability warnings, policy measures and incident insights.
d. They were launched at SEBI’s Symposium on Cyber Defence in Mumbai.
How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None
Q2. Consider the following statements:
a. The SEBI Chairman inaugurated a RegTech Lab at the National Institute of Securities Markets, Patalganga.
b. The RegTech Lab aims to promote technology-enabled learning in regulatory compliance and securities-market regulation.
c. The National Institute of Securities Markets was established by SEBI.
d. The Financial Stability Board is an agency of the Securities and Exchange Board of India.
How many of the above statements are correct? (a) Only one (b) Only two (c) Only three (d) All four (e) None
Answer Key
- (d) — All four correct. The FSB’s FIRE format is the detail most likely to be tested.
- (c) — a, b, c correct. Statement d is wrong: the Financial Stability Board is an international body monitoring the global financial system, hosted by the Bank for International Settlements at Basel. It has no connection to SEBI’s institutional structure.
