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IBBI Issues Guidelines For Technical Standards For Core Services Of Information Utilities

Dec 13, 2017: Based on recommendations of the Technical Committee, the Insolvency and Bankruptcy Board of India laid down today Technical Standards 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.

2. An information utility shall comply with the applicable Technical Standards, while providing services.

3. The said "Guidelines" are available at IBBI official website.

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