Speak now

1. SEBI vide circular SEBI/HO/MRD/DMS1/CIR/P/2019/43 dated March 26, 2019 prescribed framework for Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for Stock Exchanges, Depositories and Clearing Corporations. 2. With advancement in technology and improved automation of processes, it was felt that the extant framework needs to be re-examined with a view to reducing the time period specified for moving from Primary Data Centre(PDC) to DRS. 3. Upon examination and based on consultation with MIIs and Technical Advisory Committee (TAC) of SEBI, the modified framework for BCP and DR shall be as under: a. Stock Exchanges, Clearing Corporations and Depositories (collectively referred as Market Infrastructure Institutions – MIIs) shall have in place BCP and DRS so as to maintain data and transaction integrity. b. Apart from DRS, all MIIs including Depositories shall also have a Near Site (NS) to ensure zero data loss...