Sebi frames guidelines on qualified RTAs
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New Delhi: Capital markets regulator Sebi came out with guidelines to strengthen governance of qualified Registrars and Transfer Agents (QRTAs) for handling disruption and improving preparedness by conducting periodic drills.
In its circular, the regulator has asked QRTAs to put in place a Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) in a bid to ensure continuity of operations and maintain data and transaction integrity.
Apart from DRS, all QRTAs are required to have a Near Site (NS) to ensure zero data loss. Qualified RTAs -- RTAs having more than 2 crore folios -- are systemically important institutions as they provide the infrastructure necessary for the smooth and uninterrupted functioning of the securities market.
