SEBI Directs MIIs to Submit Real-Time Performance Monitoring Policy in 3 Months

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  • Last Updated on 14 February, 2026

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stock exchanges and clearing corporations

Circular no. HO/47/13/14(1)2026-MRD-TPD1/I/4755/2026; Dated: 11.02.2026

The Securities and Exchange Board of India (SEBI) has directed Stock Exchanges and Clearing Corporations (CCs) to prepare and submit a capacity planning and real-time performance monitoring policy document for the commodity derivatives segment.

1. Requirement to Prepare and Submit Policy Document

Under the circular:

  • Stock Exchanges and Clearing Corporations must formulate a comprehensive policy document covering:

    1. Capacity planning
    2. Real-time system performance monitoring

  • The policy document must be submitted to SEBI within three months from the date of the circular.

The requirement is intended to strengthen operational resilience and system preparedness in the commodity derivatives segment.

2. Applicability of the Provisions

The provisions of the circular:

  • Shall apply to all Market Infrastructure Institutions (MIIs)
  • Except the commodity derivatives segment of Stock Exchanges and Clearing Corporations

This carve-out clarifies the scope of applicability and ensures targeted compliance.

3. Effective Date

  • The provisions shall come into force three months from the date of the circular.

MIIs are required to align their internal frameworks and technological systems accordingly within the stipulated timeline.

4. Regulatory Objective

The direction seeks to:

  • Enhance system capacity and scalability
  • Ensure real-time performance monitoring
  • Strengthen operational risk management
  • Improve market stability and reliability

5. Key Takeaway

SEBI’s direction mandates the preparation and submission of a structured capacity planning and performance monitoring framework, reinforcing operational resilience standards for market infrastructure institutions.

Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied