Brief Overview:

Clean‑up and consolidation of trading technology and IT regulations for stock exchanges and other market infrastructure institutions (MIIs) has been proposed.

Technical Details:

Key Highlights

1) Framework consolidation: Multiple circulars merged into a single trading technology framework + one common IT circular for MIIs.

2) Access reforms: DMA expanded, SOR simplified (single approval), and legacy trading norms removed.

3) Stronger cyber baseline: Principle-based standards and tighter data/network controls.

4) Unified IT rules for MIIs: Standardised cyber resilience, business continuity plan and disaster recovery, capacity triggers, and governance/audits.

Takeaways:

The move signals that SEBI is moving from rule-heavy oversight to a leaner, but sharper technology governance regime.

For further details, please see:

Consultation Paper on Draft Circular for Trading Software & Technology at Stock Exchanges and Draft Circular on Common IT related provisions for MIIs

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