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The circular modifies guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs) like stock exchanges, clearing corporations, and depositories. Key changes include mandating a Near Site (NS) for near-zero/zero data loss, ensuring manpower expertise at Disaster Recovery Site (DRS) for independent operations, near-zero Recovery Point Objective (RPO) with data reconciliation methodology, high availability and fault tolerance in solution architecture, and synchronous replication between Primary Data Centre (PDC) and NS for near-zero/zero data loss. MIIs must collaborate on standardizing "near-zero data loss" definition and implement necessary regulatory amendments within the stipulated timeline. The circular aims to protect investors and promote securities market development.
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