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  • Scope and Key Elements of a BCP

    • OM-5.1.4

      The requirements of this Chapter apply to all retail and wholesale banks (whether locally incorporated or a branch).

      October 07

    • OM-5.1.5

      Branch Licensees of foreign banks may apply alternative arrangements to those specified in this module, where they are subject to comprehensive BCP arrangements implemented by their head office or other member of their group, provided that:

      (a) They have notified the CBB in writing what alternative arrangements will apply;
      (b) They have satisfied the CBB that these alternative arrangements are equivalent to the measures contained in this chapter, or are otherwise suitable; and
      (c) The CBB has agreed in writing to these alternative arrangements being used.
      October 07