Recognised market infrastructure institutions must maintain critical operations, regulatory controls, investor protection, and business-development functions across three operational verticals.

Recognised market infrastructure institutions must perform critical operations involving trading facilities, clearing and settlement, dematerialisation, record keeping, core IT infrastructure, business continuity, disaster recovery, and cyber resilience. Their regulatory and compliance functions cover risk management, surveillance, listing, participant registration, admission of issuers and products, inspection, enforcement, arbitration, grievance redressal, member-default arrangements, and investor protection. Other functions include sales, marketing, product development and finance.

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