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Sebi asks NSE to fix individual responsibilities for trading glitch

Regulator issues new guidelines for switching to backup sites

NSE, national stock exchange, nifty50
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Meanwhile, the NSE has submitted its detailed root cause analysis (RCA) to Sebi’s technical advisory committee

Samie Modak Mumbai
The Securities and Exchange Board of India (Sebi) on Monday directed the management of the National Stock Exchange (NSE) to fix individual responsibilities, and determine why it failed to shift operations to the disaster recovery site (DR) during the trading outage on February 24. The exchange has three weeks to complete the exercise.

Sebi also issued revised guidelines for moving to DR sites. It said: “Unannounced live trading session shall be conducted from the DR site of the market infrastructure institutions (MIIs) with a short notice of 45 minutes from Sebi before the start of the trading session, starting from July