SEBI introduces IT Resilience Index for market infrastructure institutions
The Securities and Exchange Board of India (SEBI) has launched an Information Technology Resilience Index (ITRI) to monitor the IT systems of market infrastructure institutions. The framework requires these institutions to report on nine performance parameters and implement an Early Warning System by 2027.
Why it matters
This initiative aims to prevent systemic financial disruptions by ensuring that stock exchanges and depositories maintain robust and secure digital infrastructure.
Market regulator Securities and Exchange Board of India (SEBI) has introduced an Information Technology Resilience Index (ITRI) for market infrastructure institutions (MIIs), including stock exchanges and depositories, as part of efforts to strengthen the resilience and oversight of their IT systems.
Under a circular issued on August 24, the regulator said the index would assess MIIs across nine parameters, including availability, security, integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, and other relevant factors.
Availability and security would carry the highest weightage of 20% each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10% each. Scalability and the remaining parameter, including incident handling, would account for the remaining 5% each.
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