https://www.taxtmi.com/circulars?id=58186 Stock brokers should adopt safeguards against software vendor failure by exploring a software escrow arrangement, reducing reliance on a single vendor, and including contract terms that grant access to design and development specifications if the vendor fails to provide services, require broker training and expertise development, impose penalty clauses for trading disruptions or software glitches, and obligate vendor cooperation in audits including forensic audits. Stock exchanges must implement systems to effect these measures, amend bye laws and notify and disseminate the requirements to brokers. en-us Tue, 11 Feb 2014 00:00:00 +0530 Tue, 11 Dec 2018 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58186 Stock brokers should adopt safeguards against software vendor failure by exploring a software escrow arrangement, reducing reliance on a single vendor, and including contract terms that grant access to design and development specifications if the vendor fails to provide services, require broker training and expertise development, impose penalty clauses for trading disruptions or software glitches, and obligate vendor cooperation in audits including forensic audits. Stock exchanges must implement systems to effect these measures, amend bye laws and notify and disseminate the requirements to brokers. Circulars SEBI Tue, 11 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58186