Capacity Planning and Real Time Performance Monitoring framework for Commodity Derivatives Segment of Market Infrastructure Institutions (MIIs)
Summary
This circular extends the Capacity Planning and Real Time Performance Monitoring framework to the Commodity Derivatives Segment of Stock Exchanges and Clearing Corporations. It modifies specific capacity thresholds from previous guidelines, requiring installed capacity to be at least two times the projected peak load. Entities must submit their updated policies to SEBI within three months for implementation.
Text
The provisions specified at para 3.1, 3.2, 3.4, 3.5, 3.6, 3.7, 3.8, 3.9, 3.10, 3.11, 3.12, 3.14, 3.15 and 3.16 in the aforementioned SEBI circular dated December 10, 2024 shall apply mutatis mutandis to the Commodity Derivatives Segment.
Para 3.3 of the aforementioned SEBI circular dated December 10, 2024 shall be applicable for Commodity Derivatives Segment with the following change: The installed capacity shall be at least 2 times (2x) of the projected peak load.
In general, if actual capacity utilization of any component of Stock Exchanges and Clearing Corporations with Commodity Derivatives segment exceeds 75% of the installed capacity, immediate action shall be taken by the MII such as fine tuning the applications/systems or enhancing the capacity. SCOT shall oversee such action taken by the MII.
Stock Exchanges and Clearing Corporations are advised to prepare and submit their Capacity Planning and Real Time Performance Monitoring Policy document for Commodity Derivatives Segment to SEBI within three months from the date of this Circular, after taking approval from their SCOT and the Governing Board.
The provisions of this circular shall come into effect three months from the date of this circular.
This Circular supersedes Clause 16.1.2 of Chapter 16 of SEBI Master Circular dated August 04, 2023 for Commodity Derivatives Segment.
Stock Exchanges and Clearing Corporations are required to take necessary steps to put in place systems and processes for implementation of this Circular, including necessary amendments to the relevant bye-laws, rules and regulations, if any.
Source: SecMarx — Capacity Planning and Real Time Performance Monitoring framework for Commodity Derivatives Segment of Market Infrastructure Institutions (MIIs). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.