SEBI Directs Exchanges, Depositories and Clearing Corporations to Set Up ‘Near Sites (NS)’ for Near-Zero Data Loss
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- Last Updated on 16 September, 2024
Latest from Taxmann
Circular No. SEBI/HO/MRD/TPD/P/CIR/2024/119, Dated: 12.09.2024
Based on consultations with MIIs and recommendations of the Technical Advisory Committee, SEBI has notified modifications in guidelines for the Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs). In addition to the Disaster Recovery Site (DRS), all Stock Exchanges, Clearing Corporations, and Depositories must also have a Near Site to ensure zero data loss.
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