https://www.taxtmi.com/circulars?id=67036 The Circular mandates a SaaS contingency for Clearing Corporations' RMS where a client CC operates an instance using another CC's RMS software; the client CC is responsible for real time risk management and detecting performance issues while the service provider supplies functioning software. SaaS RMS must provide specified risk and collateral functions (intraday risk management, real time margining, violation messaging, custodial confirmations, collateral handling, member interfaces, and EPI handling). Invocation and activation timelines (30 minutes each), quarterly mock sessions, agreements, SOPs, interoperability enhancements, rule changes, member notice and reporting obligations are required, with revised Business Continuity Policies due to the regulator within two months. en-us Wed, 20 Dec 2023 00:00:00 +0530 Thu, 21 Dec 2023 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67036 The Circular mandates a SaaS contingency for Clearing Corporations' RMS where a client CC operates an instance using another CC's RMS software; the client CC is responsible for real time risk management and detecting performance issues while the service provider supplies functioning software. SaaS RMS must provide specified risk and collateral functions (intraday risk management, real time margining, violation messaging, custodial confirmations, collateral handling, member interfaces, and EPI handling). Invocation and activation timelines (30 minutes each), quarterly mock sessions, agreements, SOPs, interoperability enhancements, rule changes, member notice and reporting obligations are required, with revised Business Continuity Policies due to the regulator within two months. Circulars SEBI Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67036