SEBI/HO/MRD/TPD/CIR/P/2025/08 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR SEBI/HO/MRD/TPD/CIR/P/2025/08 January 28 , 2025 To, All Stock Exchanges , All Clearing Corporations , All Depositories Dear Sir/ Madam, Subject: Development of Web-based portal: iSPOT(Integrated SEBI Portal for Technical glitches) for reporting of technical glitches . SEBI has stipulated the Standard Operating Procedure for handling of technical glitches by Market Infrastructure Institutions (MIIs) and payment of financial disincentive thereof as follows: 1.1Annexure XI of Chapter 2 of Master Circular dated December 30, 2024 for Stock Exchanges and Clearing Corporations . 1.2Clause 4.70.5.A of SEBI Master Circular for Depositories dated December 03, 2024. 1.3Annexure -ZE of SEBI Master Circular for Commodity Derivatives Segment dated August 04, 2023. Presently , the MIIs (i.e . Stock Exchanges, Clearing Corporations and Depositories) , are required to report information about technical glitches and submit the Root Cause Analysis (RCA) reports to SEBI on the dedicated email ID i.e. techglitch@sebi.gov.in . In order to streamline the reporting process of technical glitches across MIIs and creation of centralized repository of technical glitches, SEBI has developed a webbased portal , i.e. Integrated SEBI Portal for Technical Glitches (iSPOT) , for submission of preliminary and final RCA reports of technical glitches by the MIIs . This would help to improve the data quality, traceability of historical submissions related to technical glitches at the end of SEBI and MIIs, system generated reports for monitoring of various compliance requirements in a more focused manner and automated intimation to MIIs for submission of RCA report within SEBI defined timelines pursuant to submission of preliminary report by concerned MII. The said portal has been integrated with SE