Business Continuity Plan : Sebi issues guidelines for mkt infra institutions

New Delhi: Regulator Sebi on Tuesday came out with guidelines for business continuity plan and maintaining disaster recovery site for market infrastructure institutions, including clearing corporations.

In June 2012, the watchdog prescribed framework for Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock exchanges and depositories.

"With the advancement in technology and improved automation of processes in terms of transitioning time, wherein the operations can be moved from the Primary Data Centre (PDC) to the DRS, it was felt that the extant framework needs to be re-examined," Sebi said in a circular.

Now, the framework has been revised and would also be applicable for clearing corporations.