Transcription of Business Continuity Management - BNM
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Business Continuity Management - BNM
Issued on: 14 December 2021 BNM/RH/ED 028-18 Business Continuity Management Exposure Draft Applicable to 1. Licensed banks 2. Licensed investment banks 3. Licensed Islamic banks 4. Licensed insurers 5. Licensed takaf ul operators 6. Prescribed development f inancial institutions 7. Operators of designated payment systems 8. Approved issuers of electronic money Business Continuity Management Exposure Draf t Issued on: 14 December 2021 This Exposure Draft (ED) sets out the proposed revisions to the current Guidelines on Business Continuity Management (Revised) issued by the Bank on 3 June 2011. Drawing from the lessons learnt from the recent pandemic, the proposals aim to strengthen the state of preparedness of financial institutions to withstand operational disruptions and improve their operational resilience. This may entail potential reviews and enhancements to financial institutions policies and processes to achieve the intended outcomes of these proposed requirements.
4.1 This policy document comes into effect 6 months from the date of issuance of final policy document, subject to the transitional arrangements as set out in Part D. 5 Interpretation 5.1 The terms and expressions used in this policy document shall have the same meanings assigned to them in the FSA, the IFSA or the DFIA, as the case may
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