SIO-11.2.10
Stablecoin issuers must ensure that any breach of recovery plan indicator threshold is reported as soon as practicable to the senior management but within a maximum of 24 hours, by activating the appropriate escalation process and, where relevant, acted upon. In addition, any breach of recovery plan indicator threshold and activation of internal escalation matrix must be notified to the CBB within 24hrs following the breach of recovery plan indicator threshold.
Added: July 2025