“If, for any technical or other reason, ongoing trading on stock exchanges is disrupted, it is paramount that not only all market participants including others MI (market infrastructure organisations), be notified promptly of outages but may also extend trading hours, if necessary, to provide an opportunity to close positions for the day smoothly. share,” Sebi said in a statement.
The regulator defines a stock exchange shutdown as an ongoing cessation of trading, either spontaneously by the exchange or for reasons beyond the exchange’s control. However, continuous stop-out will include stop-out due to index-based full-market circuit breaker. Sebi said the affected stock exchange should immediately notify many people related parties about power outages.
The regulator said market participants should be notified immediately but no later than 15 minutes of the outage through broadcast messaging and by publishing on its website .
The affected exchange will provide an outage update within 45 minutes from the initial announcement, until normal operations are restored. The extension of trading hours, if applicable, should also be mentioned in the notice of the affected stock exchange.
