market infrastructure institutions

Sebi relaxes financial disincentives norms for technical glitches, restricts it to Market Infrastructure Institutions

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Sebi relaxes financial disincentives norms for technical glitches, restricts it to Market Infrastructure Institutions

Securities and Exchange Board of India (Sebi) on Friday relaxed the rules governing financial disincentives imposed on Market Infrastructure Institutions (MIIs) and individuals for omissions and commissions leading to technical glitches. In a circular issued on Friday, Sebi restricted the imposition of existing financial disincentives to MIIs only. From now on, it will also provide … Read more

Sebi asks exchange, other market infra institutions to ensure minimal data loss

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Sebi asks exchange, other market infra institutions to ensure minimal data loss

Markets regulator Sebi on Thursday asked stock exchanges and other market infrastructure institutions (MIIs) to ensure that the Recovery Point Objective (RPO) — the maximum period for which data loss is tolerable due to a technical glitch or disruptions — is near zero. In market parlance, a recovery point objective (RPO) of near zero means … Read more