Sebi to strengthen surveillance system, eyes 24/7 monitoring
In this regard, the capital markets regulator Sebi (Securities and Exchange Board of India) has begun a process to rope an IT service provider for monitoring of its IMSS (Integrated Market Surveillance System) network through a Network Monitoring Centre that would operate on a 24/7 basis.
The IT service provider would be contracted by Sebi for a period of three years, which can be later extended for six years, a senior official said.
Sebi undertakes its market surveillance functions through IMSS, which went live in 2007 and collects data for suspicious market activities through multiple sources, including its network systems at stock exchanges and depositories.
The IT service provider would need to monitor this network on a daily basis and would be required to have a highly competent Security Monitoring Operations Centre, which would operate on a 24/7 basis.
This Security Monitoring Operations Centre would be used for remote monitoring of security and surveillance infrastructure of IMSS, provide periodic security status reports to Sebi and real-time status reports through an online facility, and propose changes in light of latest security best practices and latest security threats.
Sebi would consider only those companies for the job that have been in the business for at least ten years, have had a minimum networth of Rs 100 crore in last three years and a workforce of 25,000 personnel or
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