SEBI Update – Development of Web-based portal: iSPOT(Integrated SEBI Portal for Technical glitches) for reporting of technical glitches.

SEBI has stipulated the Standard Operating Procedure for handling of technical glitches by Market Infrastructure Institutions (MIIs) and payment of financial disincentive thereof as follows:
Annexure XI of Chapter 2 of Master Circular dated December 30, 2024 for Stock Exchanges and Clearing Corporations. 
Clause 4.70.5.A of SEBI Master Circular for Depositories dated December 03, 2024. 


Annexure-ZE of SEBI Master Circular for Commodity Derivatives Segment dated August 04, 2023
In order to streamline the reporting process of technical glitches across MIIs and creation of centralized repository of technical glitches, SEBI has developed a webbased portal, i.e. Integrated SEBI Portal for Technical Glitches (iSPOT), for submission of preliminary and final RCA reports of technical glitches by the MIIs.


This would help to improve the data quality, traceability of historical submissions related to technical glitches at the end of SEBI and MIIs, system generated reports for monitoring of various compliance requirements in a more focused manner and automated intimation to MIIs for submission of RCA report within SEBI defined timelines pursuant to submission of preliminary report by concerned MII. The said portal has been integrated with SEBI Intermediary(SI) portal for ease of access to MIIs. iSPOT can be accessed by MIIs by using the existing login credentials of SI portal.


In view of the above, Clause 2.2 of Annexure XI of Chapter 2 of SEBI Master Circular dated December 30, 2024, Clause 4.70.5.A.2.2 of SEBI Master Circular dated December 03, 2024 and Clause 2.2 of Annexure–ZE of SEBI Master Circular dated August 04, 2023 has been modified as under: –
The preliminary and RCA report of technical glitch shall be shared by the MII with SEBI through a dedicated web based portal of SEBI viz. iSPOT 
The provision of the Circular shall come into force from February 03, 2025. 
Link – https://www.sebi.gov.in/legal/circulars/jan-2025/development-of-web-based-portal-ispot-integrated-sebi-portal-for-technical-glitches-for-reporting-of-technical-glitches_91215.html

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these

Skip to content