Business continuity requirements mandate rapid failover to disaster recovery sites and zero data loss to protect market infrastructure operations. MIIs must maintain a Primary Data Centre, a geographically separated Disaster Recovery Site and a Near Site to ensure data and transaction integrity and zero data loss; staffing at DR locations must be trained to operate independently; an Incident and Response Team/ Crisis Management Team chaired by the MD or CTO must declare disasters and invoke BCP. Technical parity between sites, synchronous replication to NS, unannounced live trading tests, documented DR drills with root cause analysis, and Board approved BCP DR policies subject to periodic review and system audit are required, with prescribed RTO and RPO targets for critical systems.
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Provisions expressly mentioned in the judgment/order text.
Business continuity requirements mandate rapid failover to disaster recovery sites and zero data loss to protect market infrastructure operations.
MIIs must maintain a Primary Data Centre, a geographically separated Disaster Recovery Site and a Near Site to ensure data and transaction integrity and zero data loss; staffing at DR locations must be trained to operate independently; an Incident and Response Team/ Crisis Management Team chaired by the MD or CTO must declare disasters and invoke BCP. Technical parity between sites, synchronous replication to NS, unannounced live trading tests, documented DR drills with root cause analysis, and Board approved BCP DR policies subject to periodic review and system audit are required, with prescribed RTO and RPO targets for critical systems.
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