IBBI issues Guidelines for Technical Standards for Core Services
Published: Dec 14, 2017
By TIOLCORPLAWS News Service
NEW DELHI, DEC 14, 2017: THE Insolvency and Bankruptcy Board of India (IBBI) issued guidelines for Technical Standards for Core Services based on the recommendations of the Technical Committee yesterday.An information utility shall comply with the applicable Technical Standards, while providing services.These Technical Standards are issued for the performance of core services for the following matters under regulation 13 of the IBBI (Information Utilities) Regulations, 2017:
i) standard terms of service;
ii) registration of users;
iii) unique identifier for each record and each user;
iv) submission of information;
v) identification and verification of persons;
vi) authentication of information;
vii) verification of information;
viii) data integrity;
ix) consent framework for providing access to information to third parties;
x) security of the system;
xi) security of information;
xii) risk management framework;
xiii) preservation of information; and
xiv) purging of information.
