SEBI Allows NSE and BSE to Act as Alternative Trading Venue at the Time of Outage on One Exchange
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Circular No. SEBI/HO/MRD/TPD/P/CIR/2024/167; Dated: 28.11.2024
SEBI has allowed NSE and BSE to act as an alternative trading venue at the time of outage on either exchange. Both exchanges will have to prepare a joint Standard Operating Procedure (SOP) that would include a plan to be invoked at the time of outage on one exchange and submit it to SEBI within 60 days from the date of the circular. Further, the SOP must cover changes, if any, in the systems of stock brokers and clearing corporations to implement the measures.
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