SEBI highlights need for stronger cyber security alongside compliance measures.
At the Morningstar Investment Conference, Tuhin Kanta Pandey, chairperson of the Securities and Exchange Board of India (SEBI), emphasized the critical need for enhanced cyber security alongside compliance measures amid the growing reliance on technology in trading. He highlighted the introduction of a framework aimed at ensuring the safety of retail investors in algorithmic trading, which, while efficient, raises concerns regarding data protection and infrastructure integrity against sophisticated cyber threats. Pandey underscored that investor protection and market integrity must translate into actionable measures, ensuring that investors receive secure, timely information and redress mechanisms while maintaining transparent and fair market transactions. This underscores the broader significance of safeguarding investors in an increasingly digital trading environment.
