SEBI Unveils SaaS Framework for Clearing Corporations to Enhance Business Resilience

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  • Last Updated on 22 December, 2023

SEBI's SaaS Framework for Clearing Corporations

Circular No. SEBI/HO/MRD/TPD/P/CIR/2023/192, Dated 20.12.2023

To strengthen the business continuity framework of Clearing Corporations (CCs) for handling major software malfunctions, the SEBI directed CCs to establish their critical Risk Management Systems (RMS) using a software-as-a-service (SaaS) model. Non-availability of RMS poses a major risk to the continuity of trading on stock exchanges. In the first phase, systems would be designed to provide an additional tool for business continuity in case of issues with RMS of clearing corporations.

Click Here To Read The Full Circular

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