The revised framework exclude smaller brokers, exempt glitches outside brokers’ trading architecture or with negligible trading impact, and simplify reporting through extended timelines and a common reporting platform. Reporting time for glitches has been increased to two hours, and brokers must submit preliminary and root cause analysis reports within specified timelines. It rationalises technology requirements such as capacity planning, software testing, disaster recovery, and business continuity based on broker size and technology dependency. Financial disincentives have also been rationalised, excluding minor glitches or those affecting only one trading mode.
