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

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..... , 2013 on Testing of software used in or related to Trading and Risk Management . Subsequently, SEBI has received various suggestions with regard to the requirement of software testing prescribed through the aforementioned circular. 2. After due examination of the suggestions in consultation with the Technical Advisory Committee, it has been decided to partially revise the requirements as foll .....

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..... r's trading software that intend to modify the 'look and feel' and do not affect the risk management system of the stock broker or the connectivity of the trading software with stock exchange's trading system, it is clarified that mock testing and consequent system audit may not be insisted upon by the stock exchanges. 2.4. Stock exchanges shall direct their stock brokers to put .....

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..... stock exchange and also disseminate the same on their website. 4. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Maninder Cheema Deputy Genera .....

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