SEBI issues Circular on Business Continuity for Interoperable Segments of Stock Exchanges

SEBI issued a circular on business continuity plans for interoperable stock exchange segments, detailing measures to ensure uninterrupted trading. The circular mandates exchanges to implement robust backup systems, disaster recovery mechanisms, and cybersecurity protocols to minimize disruptions. SEBI emphasized the importance of coordination among exchanges in interoperable segments, ensuring seamless operations during adverse scenarios. The circular also outlines reporting requirements and compliance timelines, urging exchanges to conduct regular audits of their continuity systems. Legal and market experts see this initiative as a critical step toward enhancing market resilience and protecting investor interests. The guidelines align with SEBI’s broader mandate to foster transparency, stability, and efficiency in financial markets. The circular serves as a reminder for exchanges to proactively address operational risks and safeguard the integrity of trading systems.