Securities and Exchange Board of India applies capacity planning and real time IT performance monitoring framework to commodity derivatives MIIs with 2x peak load requirement

The Securities and Exchange Board of India (SEBI) issued a circular setting a capacity planning and real time performance monitoring framework for the commodity derivatives segment of stock exchanges and clearing corporations, extending its revised December 2024 guidelines to this segment with specified modifications. Most provisions of the December 10, 2024 circular apply mutatis mutandis, but the minimum installed capacity requirement is set at at least two times the projected peak load. The framework also requires immediate action where actual capacity utilisation of any component exceeds 75% of installed capacity, with oversight by the System and Capacity Oversight Team (SCOT), and mandates that the MII’s policy document include procedures for handling breaches of the 75% threshold and circumstances requiring capacity augmentation. The circular supersedes Clause 16.1.2 of Chapter 16 of SEBI’s August 4, 2023 master circular for the commodity derivatives segment. Stock exchanges and clearing corporations must submit a SCOT and Governing Board approved Capacity Planning and Real Time Performance Monitoring Policy for the commodity derivatives segment to SEBI within three months of the circular, and the requirements take effect three months from the circular. MIIs are also required to put in place the necessary systems and processes, including any needed amendments to bye-laws, rules and regulations.