BSE circular on -Review of framework to address Technical Glitch in Stock Brokers Electronic Trading Systems
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Issuer: BSE
Review of framework to address Technical Glitch in Stock Brokers Electronic Trading Systems
Highlights of BSE Circular dated Jan-09 -2026
This is with reference to the SEBI circular no. SEBI/HO/ 38/44/12(1)2026-MIRSD-TPD1, dated January 9, 2026, regarding Review of Framework to address the ‘technical glitches’ in Stock Brokers’ Electronic Trading Systems. The circular issued by SEBI is enclosed as Annexure-1.
In view of the above mentioned SEBI circular and as advised by SEBI, Stock Exchanges have jointly framed detailed guidelines on – definition of Technical Glitch, applicability of framework, Capacity Planning, Software Testing & Change Management, Business Continuity Planning (BCP) & Disaster Recovery Site (DRS) and Monitoring Mechanism which is attached as Annexure – 2.
Further, the revised financial disincentives structure for technical glitch incidents at Stock Brokers/Trading Member’s electronic trading system is attached as Annexure A. The reporting formats of preliminary incident report and Root Cause Analysis (RCA) is attached as Annexure B & C respectively.
The provisions of this Circular shall come into force with effect from January 9, 2026.
All members are advised to take note of the above and comply
In case of any clarification or assistance required in the implementation of this circular, you may contact : Kaushik Jethwa at kau...@secmark.in and 9870210171