Clarification to the “Guidelines for Business Continuity Plan and Disaster Recovery Circular dated April 13, 2012”

Posted: 23/06/2012 in Circulars, Clarifications, Depositories, Guidelines, SEBI, Stock Exchanges

Clarification to the “Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) Circular dated April 13, 2012”

CIRCULAR, CIR/MRD/DMS/ 17 /2012, dated June 22, 2012

All Stock Exchanges / All Depositories

1. SEBI vide circular no CIR/MRD/DMS/12/2012 dated April 13, 2012 had issued broad guidelines for Business Continuity Plan and Disaster Recovery for Stock Exchanges and Depositories.

2. In this regard, Stock Exchanges and Depositories have sought guidance and clarifications regarding some of the provisions of the circular.

3. Upon examination it has been decided to modify the guidelines as under:

a. Clause 1. ii. may be read as:

“Apart from DRS, stock exchanges should have a Near Site (NS) to ensure zero data loss whereas, the depositories should also ensure zero data loss by adopting a suitable mechanism”.

b. Clause 1. v. b) may be read as:

“Exchanges / Depositories should have Recovery Time Objective (RTO) and Recovery Point Objective (RPO) not more than 4 hours and 30 minutes, respectively”.

c. Clause 1. vii. c) may be read as:

“Stock Exchanges / Depositories / Clearing Houses or Clearing Corporations of Stock Exchanges should also demonstrate their preparedness to handle any issue which may arise due to trading halts in stock exchanges and / or failure or stoppages at other Stock Exchanges / Depositories / Clearing Corporations”.

4. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

5. This circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and “Circulars”.

Yours faithfully,

B. J. Dilip

Deputy General Manager

+91-22-26449682

dilipbj@sebi.gov.in

Click here to download the complete text of the above Circular in PDF Format- CIRCULAR, CIR/MRD/DMS/ 17 /2012, dated June 22, 2012.

Source: Securities and Exchange Board of India.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s