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of <h1>Revised stock broker trading-system 'technical glitch' rules: narrower definition, client-threshold scope, faster reporting and stricter disclosures</h1> Modifies the technical glitch framework for stock brokers' electronic trading systems by refining the definition to cover malfunctions affecting trading and risk management for a contiguous period of five minutes or more, while excluding specified events (including disruptions at global/cloud providers, MIIs, KYC account-opening processing, non-trading back-office issues, bank/payment-gateway failures, and decision-support tools), thereby limiting incidents that must be treated and reported as technical glitches. Restricts applicability to stock brokers providing IBT/STWT platforms with more than 10,000 registered clients as of 31 March of the previous financial year, thereby exempting smaller brokers from the framework. Prescribes reporting and disclosure timelines and channels (client and exchange intimation within two hours; preliminary report by T+1 with trading-holiday adjustment; RCA within 14 working days) via a common portal, and provides for rationalised technology obligations and revised disincentives, with exchanges to issue detailed guidelines and publicly disseminate glitch instances.
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