• Monitoring and Reporting

    • OM-4.2.4

      The CMT must submit regular reports to the Board and senior management on the results of the testing of the BCP (refer to section OM-4.8). Major changes must be developed by the CMT, reported to senior management, and endorsed by the Board.

      January 2014

    • OM-4.2.5

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

      January 2014