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SEBI aligns cyber incident portal with FIRE format
The Securities and Exchange Board of India (SEBI) has aligned its Cyber Incident Reporting Portal with the Financial Information Repository and Exchange (FIRE) format, according to a circular issued on the Bombay…
The Securities and Exchange Board of India (SEBI) has aligned its Cyber Incident Reporting Portal with the Financial Information Repository and Exchange (FIRE) format, according to a circular issued on the Bombay Stock Exchange (BSE) website. The move standardises how market intermediaries report cyber incidents to the regulator.
Under the new framework, entities such as stock brokers, depositories, and clearing corporations must submit cyber incident reports using the FIRE schema through SEBI's portal. The format is designed to ensure consistent and machine-readable data submission, enabling faster analysis and response by the regulator.
The directive applies to all SEBI-registered intermediaries. The portal is now operational, and market participants are expected to comply with the updated reporting requirements immediately.
Indian Opinion Analysis
The FIRE format was introduced by SEBI in 2021 to standardise data submission across financial markets. By integrating cyber incident reporting into this framework, SEBI moves closer to a unified data taxonomy, which reduces ambiguity and manual processing for both filers and regulators. The circular does not specify a grace period, so non-compliance could attract regulatory action under the SEBI Act. The immediate next step is for intermediaries to test the portal and update their internal reporting templates to match the FIRE schema. The regulator will likely monitor submission quality in the coming weeks.
Source: bseindia.com
This brief was synthesised by AI from the source linked above.
