SEBI/HO/MRD/TPD/P/CIR/2024/119 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR SEBI/HO/MRD/TPD/P/CIR/2024/119 September 12, 2024 To, All Stock Exchanges , All Clearing Corporations , All Depositories Madam/ Sir , Modifications in Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs) SEBI has specified the Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) for Stock Exchanges and Clearing Corporations in Master Circular No. SEBI/HO/MRD2/PoD -2/CIR/P/2023/171 dated October 16, 2023 at Clause 9.1 of Chapter 2. Additionally, 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-PoD1/P/CIR/2023/136 dated August 04, 2023 at Clause No. 16.4. 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 Circular dated October 06, 2023 and Clause 16.4.2(b) of Section 16 of the SEBI Master Circular dated August 4, 2023 shall be read as under: "F "For Stock Exchanges: Apart from DRS, all Stock Exchanges shall also have a Near Site (NS) to ensure near zero data loss. For Clearing Corporations and Depositories: Apart from DRS, all Clearing Corporations and Depositories shall also have a Near Site (NS) to ensure zero data loss. " 2.2 Clause 9.1.1.4 of Chapter 2 of the SEBI Master Circular dated October 16, 2023, Clause