SEBI Issues FAQs on Cybersecurity and Cloud Frameworks for Regulated Entities

SEBI had introduced the Cybersecurity and Cyber Resilience Framework (CSCRF) vide circular SEBI/HO/ ITD-1/ITD_CSC_EXT/P/CIR/2024/113 dated August 20, 2024 for all SEBI-regulated entities. The framework aims to address rising cyber threats, ensure industry alignment, and improve regulatory compliance through structured governance and audit mechanisms. Following stakeholder feedback and consultations, SEBI has now released a comprehensive set of Frequently Asked Questions (FAQs) to clarify implementation aspects of CSCRF and the associated Framework for Adoption of Cloud Services.

Requirement of Analytical Report & Official Certificate for Spices Exported to Switzerland

Spices Board of India had earlier enabled exporters to obtain an Official Certificate based on a cleared analytical report for shipments to EEA countries including Switzerland (as per Circular No. 24/2022-23). However, updated Swiss regulations particularly Ordinance No. 817.042 (as amended up to March 1, 2025) now explicitly require this certificate for certain foodstuffs, including specific spices and spice products listed under Annex II of Regulation (EU) 2019/1793.

Clarification Regarding Voluntary Compliance Scheme (VCS)

Circulars No. 115 & 116 dated 28.03.2025 launched the VCS to allow promoters to rectify non-compliances and obtain waivers on late fees related to QPR and AAR submissions. Several queries from stakeholders prompted clarification on procedural and substantive aspects of the scheme.

Gas Cylinders (Amendment) Rules, 2025

The Ministry of Commerce and Industry has notified amendments to the Gas Cylinders Rules, 2016, following the publication of the draft rules on December 16, 2024 (G.S.R. 771(E)). As no objections or suggestions were received within the 30-day consultation period, the final rules have been notified through G.S.R. 386(E).

Introduction of Enhanced Inter-operable Services Between E-Way Bill Portals

To address service disruptions and ensure uninterrupted compliance operations, GSTN, in coordination with NIC, has announced the rollout of the E-Way Bill 2.0 portal from July 1, 2025. This initiative introduces real-time integration with the existing E-Way Bill 1.0 system, allowing users to perform critical actions across both portals seamlessly.

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