1. To oversee and provide overall guidance on cyber security initiatives for SEBI and for the entire capital market;
2. To advise SEBI in developing and maintaining cyber security and cyber resilience requirements aligned with global best practices and industry standards in accordance with the need of Indian capital market structure;
3. To identify measures to improve cyber resilience and related business continuity and disaster recovery process in Indian securities market;
4. To provide recommendations for strengthening of processes to audit cyber security & cyber resilience setups in Indian securities market;
5. To periodically review the mandate and functioning of SOCs (Security Operations Centers) and to guide SEBI in setting up Cyber Lab / Cyber Center of Excellence for securities market;
6. To study major cyber-attack incidents related to financial markets in domestic and global markets and identify gaps in the existing cyber security and cyber resilience framework;
7. To engage in continuous dialogues with relevant external agencies such as CERT-In (Indian Computer Emergency Response Team), National Cyber Coordination Centre (NCSC) / National Security Council Secretariat (NSCS), Department of Telecommunications (DoT), Ministry of Electronics and Information Technology (MeitY), leading academic institutions and organisations, etc., to further strengthen cyber security and cyber resilience.