Sebi Mandates Near-Zero Data Loss for Market Institutions

Sebi has mandated stock exchanges and other Market Infrastructure Institutions (MIIs) to ensure that the Recovery Point Objective (RPO) is near zero, aiming for almost 100% data availability. MIIs must also develop a standardized definition of 'near zero data loss' and ensure robust disaster recovery mechanisms.

Markets regulator Sebi has issued a new directive to stock exchanges and other market infrastructure institutions (MIIs), urging them to ensure that their Recovery Point Objective (RPO) is as close to zero as possible. This means that the institutions should aim for nearly 100 per cent availability of their data and applications.

Sebi also mandates that MIIs must have a comprehensive methodology for data reconciliation when switching operations to Disaster Recovery Sites (DRS) or any other applicable site. This is to ensure operational continuity and minimize data loss in case of technical disruptions.

Furthermore, Sebi has instructed MIIs, including stock exchanges, clearing corporations, and depositories, to collaborate and develop a standardized definition of 'near zero data loss.' On top of that, all MIIs are required to have a Near Site (NS) in addition to a DRS to guarantee near-zero data loss.

(With inputs from agencies.)