SEBI Launches iSPOT Portal to Streamline Reporting of Technical Glitches
| Aspect | Details |
|---|---|
| Initiative | Integrated SEBI Portal for Technical Glitches (iSPOT) |
| Launched by | Securities and Exchange Board of India (SEBI) |
| Purpose | Streamline reporting of technical glitches in India's financial markets |
| Effective Date | February 3, 2025 |
| Replaces | Outdated email-based reporting system |
| Target Users | Market Infrastructure Institutions (MIIs) - stock exchanges, clearing corporations, depositories |
| Key Features | - Centralized reporting of glitches and Root Cause Analysis (RCA) reports |
| - Integration with SEBI's existing SI portal | |
| - Automated compliance monitoring and reminders | |
| Compliance Requirements | MIIs to amend bye-laws, rules, and regulations for alignment with iSPOT |
| Objective | Enhance transparency, efficiency, and timely resolution of technical glitches |