SEBI Proposes IT Resilience Index For Market Infrastructure Institutions, Invites Public Comments

The Securities and Exchange Board of India (SEBI) on Wednesday issued a consultation paper proposing an IT Resilience Index for Market Infrastructure Institutions to periodically assess the health of their IT systems.

SEBI noted that IT systems of MIIs are the cornerstone of their smooth and uninterrupted functioning, and creation of such an index would provide insights to the management and oversight committees on system health and possible areas of improvement.

The proposed framework aims to provide a system-driven computation of ITRI, enable MIIs to compare the efficacy of their IT systems over time, and create a uniform set of metrics and weightages for comparison across MIIs.

As per the draft framework, ITRI shall measure the robustness of critical systems of MIIs and will be computed based on parameters including availability, security, integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, and other factors such as incident handling.

MIIs are required to compute ITRI on a half-yearly basis within 60 days from the end of each half-year and submit a comparative analysis of two consecutive half-years, along with observations of the SCOT / Governing Board and corrective actions, to SEBI within 90 days.

Public comments on the proposed framework have been invited till April 15, 2026.