SEBI Requires Qualified RTAs to Put in Place a ‘Business Continuity Plan’ and ‘Disaster Recovery Site’
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Circular No. SEBI/HO/IMD/IMD-TPD-1/P/CIR/2023/173; Dated: 20.10.2023
SEBI has issued guidelines to strengthen the governance of qualified Registrars and Transfer Agents (QRTAs) for handling disruption and improving preparedness by conducting periodic drills. In this regard, SEBI requires QRTAs to put in place a Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) in a bid to ensure continuity of operations and maintain data and transaction integrity. Further, in addition to the DRS, all QRTAs must also have a Near Site (NS) to ensure zero data loss.
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