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TMI BlogBusiness Continuity for Interoperable Segments of Stock ExchangesX X X X Extracts X X X X X X X X Extracts X X X X ..... 1. Clause 9 of Chapter 2 of SEBI Master Circular dated October 16, 2023 , for Stock Exchanges and Clearing Corporations as well as Clause 4.31 of Section 4 of SEBI Master Circular dated October 06, 2023 , for Depositories provide guidelines for Business Continuity Planning (BCP) and Disaster Recovery Site (DRS) for Market Infrastructure Institutions (MIIs). 2. In order to strengthen the Business C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... representative qualified stock brokers (QSBs) was created to deliberate the matter. In view of the deliberations of the aforesaid working group and subsequent discussions with Secondary Market Advisory Committee of SEBI, following has been decided for the interoperable segments of stock exchanges (i.e. Cash Market/ Equity Derivatives/ Currency Derivatives/ Interest Rate Derivatives etc.): 3.1. Com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... heir exchange (and available on other exchange), to be invoked at the time of outage on the other exchange. 3.3. Index derivatives products not having correlated index derivatives products on another exchange: Exchange which does not have a highly correlated index derivatives product with one available on other exchange may consider creating such an index and introducing derivatives contracts on i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BSE and vice-a-versa. Both exchanges would prepare a joint SOP that would include plan to be invoked at the time of outage on one exchange along with flow of activity involving the affected exchange and its alternative trading venue and roles/responsibility of each of them. Further, the SOP shall also cover changes, if any, in the systems of stock brokers / CCs to implement the measures mentioned ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... change 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, Ansuman Dev Pradhan General Manager Technology, Process Re-engineering, Data Analytics Market Regulation Department +91-22-26449622 Email: [email protected] - Circular - Trade Notice - Public Notice - Instructions - Off ..... X X X X Extracts X X X X X X X X Extracts X X X X
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