Annual System Audit, Business Continuity Plan(BCP) and Disaster Recovery (DR)

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..... ub: Annual System Audit, Business Continuity Plan(BCP) and Disaster Recovery (DR) 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 eff .....

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..... d DR are as follows: A. Annual System Audit I. The exchanges shall conduct annual system audit as per the prescribed audit framework which includes, audit process, auditor selection norms, Terms of Reference (TOR) and audit report guidelines in accordance with SEBI circular no. CIR/MRD/DMS/13/2011dated November 29, 2011. II. First Annual System Audit of Exchanges shall be conducted on o .....

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..... t up in accordance with the provisions as mentioned in the circulars at Point B(I) on or before April 01, 2016 III. The exchanges which do not have DRS / NS presently shall set up DRS/NS on or before September 30, 2016 in accordance with the provisions as mentioned in the circulars at Point B(I). IV. The exchanges shall submit their BCP DR policy along with detailed plan of action for impl .....

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