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

Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs)

05-May-2023 | SEBI/HO/MRD/TPD/P/CIR/2023/65

Securities and Exchange Board of India has issued Circular regarding Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs), effective from 5th May 2023

By virtue of the circular, MIIs are directed to ensure the following thirteen requirements while establishing the testing framework of their IT systems/applications-
i) Testing should be carried out in a separate environment that replicates/mirrors the production environment in order to minimize any disruption.
ii) All MIIs shall have the practice of traceability matrix to ensure that the test plan covers all intended functionality of the IT system and application.
iii) All MIIs shall adopt the practice of using automated testing techniques to run the test cases automatically, which may increase the depth and scope of tests and ultimately
help to improve the software quality, etc.

The MIIs are advised to submit the testing framework of all their IT systems after approval of Standing Committee on Technology (SCOT) within 30 days from the date of this circular.

For more information, please refer the document.

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