Description

NSE Clearing announces mock session on December 13, 2025 for testing Two-way portability across Clearing Corporations using Software as a Service (SaaS) model as per SEBI requirements.

Summary

NSE Clearing Limited (NCL) has scheduled a mock session on December 13, 2025 to test the Two-way portability across Clearing Corporations using the Software as a Service (SaaS) model. This is in compliance with SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which mandates quarterly mock sessions to familiarize and train members on SaaS functionalities for business continuity purposes.

Key Points

  • Mock session scheduled for December 13, 2025 from 10:00 hrs to 13:45 hrs
  • NCL will invoke its SaaS setup between 10:00 hrs - 10:30 hrs
  • NCL will be operational using SaaS setup (NCL@ICCL) between 11:15 hrs to 13:45 hrs
  • All clearing members are requested to actively participate and test all functionalities
  • Members who have existing login credentials can use them for the mock session
  • New members need to request login credentials via email to support@nsccl.co.in

Regulatory Changes

This circular implements the ongoing compliance requirement from SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which mandates quarterly mock sessions for Business Continuity through SaaS model across Clearing Corporations.

Compliance Requirements

  • All members must participate in the mock session on December 13, 2025
  • Members should test all functionalities associated with SaaS setup during the scheduled time
  • Members without login credentials must request them from support@nsccl.co.in before the mock session
  • Members should refer to previous NCL circulars for guidelines and SOPs:
    • NCL circular no 056/2023 (Download No: NCL/CMPT/56351) dated April 13, 2023
    • NCL circular no 059/2024 (Download No: NCL/CMPT/61959) dated May 10, 2024

Important Dates

  • December 10, 2025: Circular issued
  • December 13, 2025: Mock session date
    • 10:00 hrs - 10:30 hrs: NCL SaaS setup invocation period
    • 10:00 hrs - 13:45 hrs: Full testing window for members
    • 11:15 hrs - 13:45 hrs: NCL operational using SaaS setup (NCL@ICCL)

Impact Assessment

Operational Impact: Medium - All clearing members need to allocate resources and personnel to participate in the mandatory mock session. This is a routine quarterly requirement but essential for ensuring business continuity readiness.

System Access Links:

Support Contact:

The mock session ensures that members are familiar with the backup SaaS infrastructure, which is critical for maintaining market operations during any disruption to primary clearing systems.

Impact Justification

Mandatory quarterly mock session for clearing members to test business continuity infrastructure; operational in nature but critical for system readiness