SEBI on March 06 2023 has issued a Framework for Adoption of Cloud Services by SEBI Regulated Entities (REs). The framework shall be applicable to the following REs:
- Stock Exchanges
- Clearing Corporations
- Stock Brokers through Exchanges
- Depository Participants through Depositoriesvi.Asset Management Companies (AMCs)/ Mutual Funds (MFs)
- Qualified Registrars to an Issue andShare Transfer Agents
- KYC Registration Agencies (KRAs.
The framework shall come into force with immediate effect for all new or proposed cloud onboarding assignments/ projects of the REs. REs which are currently availing cloud services (as on date of issuance of this framework) shall ensure that, wherever applicable, all such arrangements are revised and they (RE) shall be in compliance with this framework not later than 12 (twelve) months from the date of issuance of the framework.