Overview
- SEBI launched a root-cause review of the October 28 MCX disruption, with an initial report due within 24–48 hours before actions under standard procedures.
- The regulator issued a consultation circular on the outage and said the examination will follow defined stages to prevent repeat failures.
- Planned revisions to the 1992 Stock Broker Regulations target stronger risk management, tighter compliance, better data protection, and faster grievance redressal.
- Pandey urged intermediaries to maintain clean, auditable books and a culture of transparency to sustain market trust.
- MCX’s glitch delayed trading by over four hours, forced a shift to the disaster recovery site, and hit key contracts including gold, silver, crude oil, and base metals, following a similar breakdown in July.