To All Members,
Earlier References:
SEBI Circular: SEBI circular SEBI/HO/MIRSD/TPD-1/P/CIR/2022/160 dated November 25, 2022
BSE Notice: 20221202-60 Dated 02 December 2022
Member’s attention is drawn to SEBI circular SEBI/HO/MIRSD/TPD-1/P/CIR/2022/160 dated November 25, 2022, on Framework to address the ‘Technical Glitches’ in Stockbrokers’ Electronic Trading System.
Members of the Exchange, through various circulars, and guidelines, issued from time to time, have been required to put in place various measures/controls, to prevent system failures and to ensure the provision of seamless service/facilities to their clients.
In furtherance to the above, in consultation with SEBI and other Exchanges, it has been decided to issue guidelines/ Standard Operating Procedure (SOP) for handling technical glitches at the Members end as well as provide a framework for Capacity Planning, Software Testing, Change management and Business Continuity Planning (BCP)/Disaster Recovery (DR).
The guidelines, as stated in the SEBI circular SEBI/HO/MIRSD/TPD-1/P/CIR/2022/160 dated November 25, 2022, have been enclosed as ‘Annexure-A’ and shall be effective from April 1, 2023, and are applicable to all members providing ‘Internet and Wireless technology-based trading facility’ (IBT/STWT) to their clients.
In specific, points 4.iii, 5.i, 5.ii, 5.iii, 6.iii, 6.viii, 6.xi and 6.xii are only applicable to ‘Specified Members’, over and above the other points as stated in ‘Annexure A’.
The top 20 Members registered with the Exchange, having the most Internet and Wireless technology-based clients are classified as ‘Specified Members’ for this purpose.
‘Specified Members’ shall be communicated with the additional details of the circular in due course, by the Exchange.
Members are required to take note of the same.
For and on behalf of BSE Ltd.
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Shivkumar Pandey
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Devendra Kulkarni
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CISO
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Addl. GM
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