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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Qualified RTAs (QRTAs)

20-Oct-2023 | SEBI/HO/IMD/IMD-TPD-1/P/CIR/2023/173

The Securities Exchange Board of India has issued Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Qualified RTAs (QRTAs).

By virtue of this circular, circular no. SEBI/HO/MIRSD/DoP/CIR/P/2018/ 119 dated August 10, 2018 issued on BCP-DR Policy of QRTAs has been superseded. Qualified Registrar Transfer Agent (QRTAs) are required to comply with the framework for Business Continuity Plan (BCP) and Disaster Recovery Site (DRS).

Key points of this framework are:-

1. Organizational Resilience and Documentation
2. Configuration of Disaster Recovery Site (DRS)/Near Site (NS) with Project Development Continuity (PDC)
3. DR drills/Testing
4. BCP DR Policy Document

Through this circular QRTAs are advised to submit their revised BCP?DR policy to SEBI within 3 months from the date of this circular.

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