The Securities Commission Malaysia issues business continuity guidance
- Published: Tuesday, 14 May 2019 09:51
The Securities Commission Malaysia (SC) has published a new document ‘Guiding Principles on Business Continuity’ for capital market entities, as part of its ongoing efforts to enhance the systemic resiliency of the capital market.
The principles set out the SC’s expectations of the business continuity management approach of capital market entities to ensure timely continuity of critical services and the fulfilment of business obligations in the event of disruptions.
The principles, developed in consultation with the industry, cover six areas:
Principle 1: Responsibility of the Board and senior management
Principle 2: Major operational disruptions
Principle 3: Recovery objectives and strategies
Principle 4: Communications
Principle 5: Testing and Training
Principle 6: Maintenance and Review
The document also includes an incident reporting template.