SEBI vide circular dated September 12, 2024 has directed for modifications in Guidelines for Business Continuity Plan (BCP) and Disaster Recovery(DR) of Market Infrastructure Institutions(MIIs). MIIs are advised to collaborate in developing a standardized definition of “near zero data loss” and submit the same to SEBI after taking approval from their respective Standing Committee on Technology (SCOT).
MIIs are required to take necessary steps to put in place systems for implementation of this Circular, including necessary amendments to the relevant bye-laws, rules and regulations, if any. The provisions of this Circular shall come into effect 2 months from the date of this circular.
