OM-A.3 OM-A.3 Regulation history
OM-A.3.1
This module was first issued in July 2004 as part of the conventional principles volume. All regulations in this volume have been effective since this date. All subsequent changes are dated with the month and year at the base of the relevant page and in the Table of Contents. Chapter UG-3 of Module UG provides further details on Rulebook maintenance and control.
OM-A.3.2
The most recent changes made to this module are detailed in the table below:
Summary of changes
Module Ref. Change Date Description of Changes OM-5.1 01/04/05 Physical security measures OM-4.2 01/10/05 Succession planning for locally incorporated banks OM-5.1 01/10/05 Clarification of security manager role for smaller banks and deletion of requirement for cash trays. OM-B & OM-1.2 01/04/06 Minor amendments concerning roles of Board and management and editing of OM B. OM-5.1.15–OM-5.1.24 01/04/06 New security requirements for ATM security arrangements and reporting of security related complaints Evolution of the Module
OM-A.3.3
Prior to the development of this Rulebook, the Agency had issued various circulars representing regulations covering different aspects of operational risk management. These circulars have now been consolidated into this module covering the operational risk management regulation. These circulars and their evolution into this module are listed below:
Circular Ref. Date of Issue Module Ref. Circular Subject BS/9/03 14 Sep 2003 OM-1 Operational Risk Management ODG/162/03 21 May 2003 OM-2 Outsourcing BC/9/98 16 Jun 1998 OM-3 Electronic Money and Electronic Banking Activities BC/6/02 24 Jun 2002 OM-3 Risk Management Principles for Electronic Banking ODG/347/03 28 Sep 2003 OM-4.2 Succession Planning
