Sebi proposes sweeping revamp of technology rules for stock exchanges

Sebi has issued a consultation paper proposing a sweeping revamp of technology rules for market infrastructure institutions (MIIs) including stock exchanges, clearing corporations and depositories. Key proposals include consolidating multiple technology circulars into a single framework, aligning legacy rules with the Cyber Security and Cyber Resilience Framework (CSCRF), removing redundant provisions, allowing vendors at co-location facilities to provide hardware or software services independently, and harmonising capacity planning norms. The regulator has invited public comments on the proposals until July 13, 2026.