Context:
The Securities and Exchange Board of India (SEBI) has released a draft proposal to revise the IT capacity planning norms for commodity exchanges and clearing corporations, aiming for a more efficient and realistic approach in managing technological infrastructure.
Key Highlights of the Proposal
IT System Capacity Norms
- New Requirement: Maintain IT capacity at 2 times the projected peak load.
- Previous Norm (2016): Required 4 times the peak load but applied only to exchanges.
- Current Proposal: Now extends to clearing corporations as well, ensuring uniformity.
Planning and Monitoring Mechanism
- Forward-looking capacity planning mandated.
- Quarterly stress testing to assess real-time preparedness.
- Real-time automated alert systems must be deployed to detect high utilization.
Utilisation Threshold
- If utilisation exceeds 75% of installed IT capacity:
- Immediate corrective action is required.
- Aimed at avoiding disruptions and ensuring operational resilience.
Scope of the Framework
- Applies to:
- Hardware systems
- Software systems
- Third-party vendor platforms
