Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs)

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..... Market Infrastructure Institutions (MIIs) 1. MIIs (i.e. Stock Exchanges, Clearing Corporations and Depositories) are systemically important institutions as they, inter-alia, provide infrastructure necessary for the smooth and uninterrupted functioning of the securities market. Therefore, it is imperative to devise a comprehensive testing framework to manage the IT systems/applications of MIIs th .....

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..... tive MIIs. The scope of testing shall, inter-alia, cover business logic, system function, security controls and system performance under load and stress conditions. Any dependency on the existing systems shall be properly tested. c) Testing should be carried out in a separate environment that replicates/mirrors the production environment in order to minimize any disruption. d) All MIIs shall h .....

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..... that Application Programming Interface Testing is done so that the concerned application can interact with other applications without causing disruptions of any kind. h) All MIIs should perform regression testing for changes (e.g. enhancement, rectification, etc.) to an existing IT system to validate that it continues to function properly after the changes have been implemented. After fixing th .....

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..... ting, including results of User Acceptance Testing (UAT), that was conducted, are documented in the test report. The same shall be checked by the auditor during System and Network Audit. l) All MIIs shall periodically conduct non-functional testing such as volume testing, resilience testing, scalability testing, performance testing, stress testing, application security testing, BCP testing, neg .....

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..... exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of and to regulate the securities market. 5. The circular is issued with the approval of competent authority. 6. The circular shall come into force with immediate effect. 7. This circular is available on SEBI .....

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