The Securities and Exchange Board of India has established an IT Resilience Index framework requiring stock exchanges, clearing corporations and depositories, except AMC Repo Clearing Ltd., to assess the robustness of their critical and related IT systems every six months. The index must be calculated automatically from system data wherever possible, with exceptions involving manual retrieval subject to prior discussion with the institution’s Standing Committee on Technology. Institutions must operationalize the framework, including an early warning system and real-time monitoring of service delivery, by February 28, 2027. The index assigns 20% weightings to availability and security, with the remaining score covering integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, incident handling and other factors. Institutions must submit rolling comparisons of two consecutive half-years, together with corrective actions, to their technology committees and governing boards. They must also implement consolidated dashboards and procedures to identify performance deterioration, service disruptions and anomalies. The Industry Standards Forum must finalize the subparameters and detailed measurement criteria by November 30, 2026, and develop common baselines, acceptable thresholds and an objective scoring methodology. Detailed procedures must be submitted to the Securities and Exchange Board of India after technology committee review by January 31, 2027. The first index submission will cover the half-year ending March 31, 2027.

Original source