MANU/SIPM/0005/2023

Ministry : Securities and Exchange Board of India

Department/Board : Investment Management Department

Circular No. : SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/046

Date : 29.03.2023

To

All Portfolio Managers
Association of Portfolio Managers in India (APMI)

Dear Sir / Madam,

Cyber Security and Cyber Resilience framework for Portfolio Managers

1. With rapid technological advancement in the securities market, there is a greater need for maintaining robust cyber security and to have a cyber- resilience framework to protect the integrity of data and guard against breaches of privacy.

2. As part of the operational risk management, the Portfolio Managers need to have robust cyber security and cyber resilience framework in order to provide essential facilities and services and perform critical functions in the securities market as Portfolio Manager.

3. Accordingly, all Portfolio Managers with asset under management of