- MIIs must create frameworks to estimate IT capacity needs and submit them to SEBI within 3 months.
- Systems must operate at 1.5x the projected peak load to ensure smooth functioning during heavy traffic.
- Regular quarterly stress tests will ensure systems can handle peak loads effectively.
- Automated alerts will help in quick detection and resolution of performance issues.
- Stock exchanges and clearing corporations must act swiftly if IT usage exceeds 75%, while depositories have 15 days to address consistently high usage.
The Securities and Exchange Board of India (SEBI) has issued comprehensive guidelines aimed at improving capacity planning and real-time monitoring for stock exchanges, clearing corporations, and depositories. These new directives focus on strengthening the resilience and operational efficiency of critical IT systems within Market Infrastructure Institutions (MIIs).
Here’s a detailed breakdown of SEBI’s new framework:
| Key Directive | Details |
|---|---|
| Future-Ready Capacity Planning | MIIs must design advanced frameworks to estimate capacity needs using trends, historical data, transaction growth, and business changes. The methodology requires approval from SCOT and the Governing Board, and submission to SEBI within 3 months. |
| System Capacity Requirements | Systems must maintain capacity 1.5 times the projected peak load. Projections are based on the past 180 days’ data and other relevant factors. |
| Quarterly Stress Testing | MIIs must conduct stress tests every quarter to analyze system performance under heavy transaction loads. |
| Real-Time Monitoring and Alerts | MIIs must deploy automated systems for real-time monitoring. These systems will trigger alerts if predefined thresholds are breached, ensuring early detection and timely issue resolution. |
| Action Plans for High Utilization | Stock Exchanges & Clearing Corporations: Must take action if IT component utilization exceeds 75% of installed capacity. |
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Why These Guidelines Are Important
SEBI’s proactive measures ensure that MIIs can manage the growing demands of India’s financial markets. By mandating future-ready capacity frameworks, stress tests, and real-time monitoring, SEBI aims to prevent IT failures and ensure seamless operations during high transaction volumes.
These guidelines are critical for maintaining the stability, efficiency, and resilience of IT systems used by stock exchanges, clearing corporations, and depositories.
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