TaxTMI 
TaxTMI 
Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs)
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....Market Infrastructure Institutions (MIIs) 1. MIIs (i.e. Stock Exchanges, Clearing Corporations and Depositories) are systemically important institutions as they, inter-alia, provide infrastructure necessary for the smooth and uninterrupted functioning of the securities market. Therefore, it is imperative to devise a comprehensive testing framework to manage the IT systems/applications of MIIs thr....
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....ive MIIs. The scope of testing shall, inter-alia, cover business logic, system function, security controls and system performance under load and stress conditions. Any dependency on the existing systems shall be properly tested. c) Testing should be carried out in a separate environment that replicates/mirrors the production environment in order to minimize any disruption. d) All MIIs shall ha....
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....hat Application Programming Interface Testing is done so that the concerned application can interact with other applications without causing disruptions of any kind. h) All MIIs should perform regression testing for changes (e.g. enhancement, rectification, etc.) to an existing IT system to validate that it continues to function properly after the changes have been implemented. After fixing the....
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....ing, including results of User Acceptance Testing (UAT), that was conducted, are documented in the test report. The same shall be checked by the auditor during System and Network Audit. l) All MIIs shall periodically conduct non-functional testing such as volume testing, resilience testing, scalability testing, performance testing, stress testing, application security testing, BCP testing, nega....