Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs)

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....epositories and Clearing Corporations. 2. With advancement in technology and improved automation of processes, it was felt that the extant framework needs to be re-examined with a view to reducing the time period specified for moving from Primary Data Centre(PDC) to DRS. 3. Upon examination and based on consultation with MIIs and Technical Advisory Committee (TAC) of SEBI, the modified framework for BCP and DR shall be as under: a. Stock Exchanges, Clearing Corporations and Depositories (collectively referred as Market Infrastructure Institutions - MIIs) shall have in place BCP and DRS so as to maintain data and transaction integrity. b. Apart from DRS, all MIIs including Depositories shall also have a Ne....

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....olicy approved by the Governing board of the MII on a quarterly basis. g. MIIs shall conduct periodic training programs to enhance the preparedness and awareness level among its employees and outsourced staff, vendors, etc. to perform as per BCP policy. 4. Configuration of DRS/NS with PDC a. Hardware, system software, application environment, network and security devices and associated application environments of DRS / NS and PDC shall have one to one correspondence between them. b. MIIs should develop systems that do not require configuration changes at the end of trading members/ clearing members/ depository participants for switchover from the PDC to DRS. Further, MIIs should test such switchover funct....

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.... immediately (before end of day) with head room flexibility without compromising any of the performance metrics. g. Replication architecture, bandwidth and load consideration between the DRS / NS and PDC should be within stipulated RTO and ensure high availability, right sizing, and no single point of failure. h. Replication between PDC and NS should be synchronous to ensure zero data loss whereas, the one between PDC and DRS and between NS and DRS may be asynchronous. i. Adequate resources (with appropriate training and experience) should be available at all times to handle operations at PDC, NS or DRS, as the case may be, on a regular basis as well as during disasters. 5. DR drills/Testing a. D....

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....skills to run live trading session independent of the PDC staff. h. Stock Exchanges, Clearing Corporations and Depositories shall include a scenario of intraday shifting from PDC to DRS during the mock trading sessions in order to demonstrate its preparedness to meet RTO/RPO as stipulated above. i. MII should undertake and document Root Cause Analysis (RCA) of their technical/ system related problems in order to identify the causes and to prevent reoccurrence of similar problems. 6. BCP - DR Policy Document a. MIIs shall put in place a comprehensive BCP-DR policy document outlining the following: i. Broad scenarios that would be defined as a Disaster for an MII (in addition to definition provided....