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Securities and Exchange Board of India Press Releases No. 13/2021 1. With regard to the Trading halt at NSE on February 24, 2021, NSE presented its detailed Root Cause Analysis (RCA) before SEBI Technical Advisory Committee (TAC) on March 22, 2021. 2. TAC, after due deliberations, inter-ali
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FAQ :
SEBI issued new rules following a trading halt at the NSE on February 24, 2021, to strengthen systems and ensure faster restoration of operations in case of disruptions.
From April 2021, MIIs will conduct unannounced live trading sessions from their DR sites with a 4-hour notice from SEBI. From July 2021, this notice period will be reduced to 45 minutes.
MIIs must now declare an incident as a 'Disaster' within 30 minutes of its occurrence (previously 2 hours) and restore operations, including from DR sites, within 45 minutes of the declaration (previously 2 hours).
The Recovery Time Objective (RTO), the maximum time to restore 'Critical Systems' from the DR site after a disaster declaration, has been reduced to 45 minutes.
The Recovery Point Objective (RPO), the maximum tolerable data loss period, has been reduced to 15 minutes from the previous 30 minutes.
SEBI has advised the NSE Governing Board to determine why NSE management failed to shift operations to the DR site within the specified time and to fix individual responsibilities for the same.
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Notification No : Press Releases No. 13/2021Published in Miscellaneous
Source : https://www.sebi.gov.in/media/press-releases/mar-2021/trading-halt-at-nse-on-february-24-2021_49603.html