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In a circular published on November 16th 2015, the Securities and Exchange Board of India (SEBI) has informed India’s national commodity derivatives exchanges that they must have robust business continuity and disaster recovery plans in place.

SEBI states that all exchanges must implement a business continuity and disaster recovery policy and must establish a disaster recovery site and a near site. They must also run disaster recovery tests and exercises.

SEBI has given the exchanges until September 30th, 2016, to comply.

Read the SEBI circular (PDF).

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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

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