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Testing of software used in or related to Trading and Risk Management

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....ed in or related to Trading and Risk Management'. Subsequently, SEBI has received various suggestions with regard to the requirement of software testing prescribed through the aforementioned circular. 2. After due examination of the suggestions in consultation with the Technical Advisory Committee, it has been decided to partially revise the requirements as follows: 2.1. With respect to testing ....

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....odify the 'look and feel' and do not affect the risk management system of the stock broker or the connectivity of the trading software with stock exchange's trading system, it is clarified that mock testing and consequent system audit may not be insisted upon by the stock exchanges. 2.4. Stock exchanges shall direct their stock brokers to put in place adequate mechanism to restore the....

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