Testing of software used in or related to Trading and Risk Management

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..... software used in or related to Trading and Risk Management 1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, .....

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..... SEBI had specified guidelines for testing procedures vide circulars CIR/MRD/DP/24/2013 dated August 19,2013 and circular CIR/MRD/DP/06/2014 February 07, 2014 which are made applicable to the securities market. 4. Since new software or changes to the existing software without proper testing may affect the integrity of the markets, it has been decided to make the provisions of the aforesaid circu .....

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..... ard of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 8. The circular is available on SEBI website at i.e. www.sebi.gov.in. Yours faithfully, B J DILIP GENERAL MANAGER Division of Inspection and Complaints against Exchanges Commodity Derivatives Market Regulation Department .....

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