Securities and Exchange Board of India (SEBI) introduces IT Resilience Index for MIIs

Key facts

• SEBI has introduced an IT Resilience Index (ITRI) framework for Market Infrastructure Institutions (MIIs) to monitor the robustness and resilience of their critical IT systems.
• The ITRI will have a total score of 100, based on nine parameters.
• The Industry Standards Forum (ISF) of MIIs will finalise sub-parameters and detailed measurement criteria for each parameter by November 30, 2026.
• MIIs must compute the ITRI on a half-yearly basis within 60 days from the end of each half-year.
• MIIs must submit a comparative analysis of two consecutive half-years along with corrective actions to their Standing Committee on Technology (SCOT) and Governing Board.
• ITRI computation must be system-driven, generated automatically from IT systems or data extracts, to ensure non-discretionary and foolproof results.
• MIIs must develop an Early Warning System to detect possible deterioration in any ITRI parameter that could lead to performance issues or system problems.
• The full ITRI framework, including the Early Warning System and real-time monitoring, must be operational by February 28, 2027.
• The first ITRI submission will cover the half-year ending March 31, 2027.