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TMI BlogModifications in Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs)X X X X Extracts X X X X X X X X Extracts X X X X ..... ionally, SEBI has specified the Guidelines for BCP and DR for Depositories in Master Circular No. SEBI/HO/MRD2/PoD-2/CIR/P/2023/166 dated October 06, 2023 at Clause 4.31. Further, SEBI has specified the Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) for Commodity Derivatives Segment in Master Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2023/136 dated August 04, 2023 at Clause No. 16.4. 2. Based on consultations with MIIs and recommendations of the Technical Advisory Committee (TAC) of SEBI, the following provisions of aforesaid circulars on BCP and DR for MIIs stand modified as under: - 2.1 Clause 9.1.1.2 of Chapter 2 of the SEBI Master Circular dated October 16, 2023 , Clause 4.31.1.2 of Section 4 of the SEBI Master ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ight be lost due to a major incident - shall be near zero. Further, MIIs shall have a documented methodology for data reconciliation when resuming operations from DRS or any other site as applicable. 2.4 Clause 9.1.2.5 of Chapter 2 of the SEBI Master Circular dated October 16, 2023 , Clause 4.31.2.5 of Section 4 of the SEBI Master Circular dated October 06, 2023 and Clause 16.4.3(e) of Section 16 of the SEBI Master Circular dated August 4, 2023 shall be read as under: For Stock Exchanges: Solution architecture of PDC and DRS / NS shall ensure high availability, fault tolerance, no single point of failure, near zero data loss, and data and transaction integrity. For Clearing Corporations and Depositories: Solution architecture of PDC and DRS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pproval of the Competent Authority. 7. This Circular is being issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 read with Regulation 51 of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 and Section 19 of the Depositories Act, 1996 read with Regulation 97 of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 to protect the interest of investors in securities market and to promote the development of, and to regulate the securities market. 8. This Circular is available on SEBI website at www.sebi.gov.in at Legal Framework Circulars . Yours faithfully, Ansuman Dev Pradhan General Manager Market Reg ..... X X X X Extracts X X X X X X X X Extracts X X X X
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