SEBI issues consultation paper to tighten continuity and disaster recovery rules for market infrastructure institutions
Published · Updated
What happened
SEBI published a consultation paper on September 15 proposing revisions to business continuity and disaster recovery requirements for market infrastructure institutions. The paper covers governance, recovery time objectives, testing, site resilience, and oversight of technology arrangements at entities that run trading, clearing, and settlement infrastructure.
Why it matters
Rules for exchanges, clearing corporations, and depositories shape how quickly markets can recover from outages and whether disruptions spill into price discovery, settlement, and investor access. A tighter rulebook can change technology spending, vendor oversight, and compliance obligations across India’s financial-market stack.
SEBI on September 15 released a consultation paper proposing stronger business continuity planning, disaster recovery, cyber-resilience testing, and governance standards for market infrastructure institutions such as exchanges, clearing corporations, and depositories. The move follows a series of market-operations outages and frames technology failure at core financial-market utilities as a resilience and systemic-risk issue. The paper opens a live policy window for industry feedback and for regulators to decide how far to harden minimum standards without raising operational burden or migration risk.
Watch for
SEBI publication of the public comment deadline and consultation response format on or after 2026-09-16 NSE, BSE, NSCCL, ICCL, CDSL, or NSDL filing a public response or implementation note on the consultation by 2026-09-19 RBI or CERT-In issuing a related advisory, statement, or cross-reference on cyber resilience for financial infrastructure by 2026-09-19 SEBI board agenda, circular docket, or follow-up clarification on recovery-time or testing standards published by 2026-09-19
Sources
- Mint · livemint.com
- Securities and Exchange Board of India · sebi.gov.in
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