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  • Monitoring and Reporting

    • OM-4.3.4

      The CMT must submit regular reports to the Board and senior management on recovery and response activities in the event of major operational disruptions and also on the results of the testing of the BCP (refer to section OM-4.9). Major changes must be developed by CMT, reported to senior management, and endorsed by the Board.

      Added: January 2020

    • OM-4.3.5

      The Chief Executive of a licensee must sign a formal annual statement submitted to the Board on whether the response and recovery strategies adopted are still valid and whether the documented BCP is properly tested and maintained. The annual statement must be included in the BCM documentation and will be reviewed as part of the CBB's on-site examinations.

      Added: January 2020