Sebi asks exchange, other market infra institutions to ensure minimal data loss
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 that an institution should aim for almost 100 per cent availability of their data and applications.
Further, MIIs need to have a documented methodology for data reconciliation when resuming operations from Disaster Recovery Site (DRS) or any other site as applicable, Sebi said in a circular.
Additionally, Sebi has asked MIIs — stock exchanges, clearing corporations and depositories- to collaborate in developing a standardized definition of 'near zero data loss' and submit the same to it after taking approval from their respective Standing Committee on Technology.
In addition to a Disaster Recovery Site, all stock exchanges, clearing corporations and depositories must have a Near Site (NS) to ensure near-zero data loss.
" MIIs shall ensure that the Recovery Point Objective (RPO) — the maximum tolerable period for which data might be lost due to a major incident — shall be near zero," Sebi said.
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