Answer-<p>Which one of the following does not comes under market infrastructure institutions (MIIs)?&...

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Answer-&lt;p&gt;Which one of the following does not comes under market infrastructure institutions (MIIs)?&...

Accepted Answer

According to a panel set up in 2010 under the chairmanship of former Reserve Bank of India Governor Bimal Jalan, the term lsquomarket infrastructurersquo denotes such fundamental facilities and systems serving this capital market. Market infrastructure institutions helps in optimal use of money in the economy and fostered economic development. SEBI recently mandated a compulsory comprehensive cyber audit of market infrastructure institutions stock exchanges, depositories, clearing corporations at least twice during the financial year. It also directed all MIIs to submit a declaration from MDsCEOs ldquocertifying compliance by the MII with all SEBI Circulars and advisories related to Cyber security issued from time to time.rdquo Vulnerability assessment and penetration testing VAPT is to be conducted at least once in a financial year. However, for MIIs, whose systems have been identified as ldquoprotected systemrdquo by National Critical Information Infrastructure Protection Centre NCIIPC, VAPT shall be conducted at least twice in a financial year.

Which one of the following does not comes under market infrastructure institutions (MIIs)?

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