Sebi develops web-based portal for reporting glitches by exchanges, MIIs

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Sebi develops web-based portal for reporting glitches by exchanges, MIIs - Business Standard

Quick Summary:

Markets regulator Sebi on Tuesday said it has developed a web-based portal for submission of preliminary and final root cause analysis (RCA) reports of technical glitches by stock exchanges and other market infrastructure institutions (MIIs).

Presently, the MIIs -- stock exchanges, clearing corporations and depositories -- are required to report information about technical glitches and submit the Root Cause Analysis (RCA) reports to Sebi on a dedicated email ID .

The new portal -- Integrated SEBI Portal for Technical Glitches (iSPOT) -- is aimed at streamlining the reporting process of technical glitches across MIIs as well as creating a centralized repository of technical glitches.