SEBI/HO/MRD/TPD/CIR/P/2024/171 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR SEBI/HO/MRD/TPD/CIR/P/2024/171 To, All Stock Exchanges , All Clearing Corporations , (except Commodity Derivative segment) All Depositories Dear Sir/ Madam, Subject: Revised Guidelines for Capacity Planning and Real Time Performance Monitoring framework of Market Infrastructure Institutions(MIIs) Chapter 2 of SEBI Master Circular dated October 16, 2023 inter-alia prescribes capacity planning framework for Stock Exchanges, Clearing Corporations. Further, Section 4 of SEBI Master Circular dated December 03, 2024 prescribes capacity planning framework for Depositories. MIIs (i.e . Stock Exchanges, Clearing Corporations and Depositories) , being systemically important institutions, provide infrastructure necessary for the smooth and uninterrupted functioning of the Securities Market. Therefore, it is imperative for the MIIs to continuously assess and monitor their system capacities. Over the years , owing to the growth of the securities market, MIIs have experienced increase in volumes, which necessitated augmenting their infrastructure relating to trading, clearing and settlement etc. The framework adopted by the MIIs for their capacity planning was reviewed by SEBI in consultation with the Technical Advisory Committee (TAC) of SEBI. Based on the recommendations of the Committee and in consultation with MIIs, it has been decided to advise MIIs to ensure the following requirements while formulating the framework of capacity planning and real time performance monitoring of their Critical Information Technology(IT) systems and supporting infrastructure components: - 3.1 Capacity planning methodology should be proactive, future ready and developed to help estimate/forecast future projected capacity requirements to support business activities and minimize the risk of s