This circular provides guidelines for business continuity ...

Stock exchanges to enable trading on alternate venues during outages for risk management.

November 29, 2024

Circulars SEBI

This circular provides guidelines for business continuity planning and disaster recovery for interoperable segments of stock exchanges. In case of outage at a trading venue, participants can hedge open positions by taking offsetting positions on another exchange for identical/correlated products. For exclusively listed scrips, exchanges must create reserve contracts to invoke during outages. Exchanges without correlated index derivatives should introduce such products. The affected exchange must intimate SEBI and the alternative venue within 75 minutes, which will invoke the business continuity plan within 15 minutes. Initially, NSE and BSE will act as alternative venues for each other, with a joint SOP to be submitted to SEBI within 60 days. Exchanges and clearing corporations must implement requisite infrastructure, amend bylaws, disseminate information, and update SEBI on implementation status. The provisions are effective from April 1, 2025.

View Source

← Previous Next →

This circular provides guidelines for business continuity ...

Stock exchanges to enable trading on alternate venues during outages for risk management.

November 29, 2024

Circulars SEBI

You may also like:

SEBI issued a circular on Standard Operating Procedure for handling Stock Exchange outage and extending trading hours in Commodity Derivatives segment. The circular...

Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk - Circular

Long Term Capital Gains - claim of conversion of agriculture land into stock-in-trade - The assessee was required to disclose such lands as stock in trade in books of...

Shares converted into stock-in-trade - Valuation adopted for conversion of investments to stock-in-trade, opening stock and closing stock - where an assessee converts...

SEBI issued a circular on Internet Based Trading (IBT) for stock brokers to enhance ease of doing business. Stock brokers must apply to the exchange for IBT service...

Risk Management and Inter-bank Dealings: Revised guidelines relating to participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange...

Definitions - Regulation 2 of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS, 2000 as amended

The reopening of assessment proceedings u/s 147 was valid as the Assessing Officer (AO) had received information about the assessee booking tax loss through trade in...

This circular amends the requirement under Chapter 1 at Para 4.3.3.1 of the SEBI Master Circular (Stock Exchanges and Clearing Corporations) dated October 16, 2023,...

Stock broker which requires multiple registrations to operate on more than one stock exchange(s) or a single registration will suffice for all the stock exchanges -...

The circular mandates stock brokers to establish institutional mechanisms for preventing and detecting fraud or market abuse, as per Chapter IVA of the Securities and...

Alleged fraudulent transactions and non-genuine losses claimed by the assessee in currency option trades on the United Stock Exchange (USE). The key points are: The...

Banks are required to maintain a Statutory Liquidity Ratio (SLR) by purchasing government securities. RBI guidelines categorize securities as Held-to-Maturity (HTM),...

The Reserve Bank of India (RBI) issued Circular No. 01/2024-25 allowing resident entities to hedge gold price risk in overseas markets using OTC derivatives in addition...

Since assessee was trading at un-recognised stock exchange, therefore, income arising out of trading of commodities at such unrecognized stock exchange also amounts to...

Quick Updates: