Regulatory Alerts2015-06-15
Instruction No. 010-06-2015 of June 15, 2015 on the Business Continuity Plan for Credit Information Bureaus
The Governor of the Central Bank of West African States (BCEAO) issued this Instruction to mandate Credit Information Bureaus across UEMOA member states to develop, validate, and annually update a comprehensive Business Continuity Plan. The plan must identify essential resources, assess risks, maintain hot IT backup infrastructure within the region, and include a disaster recovery protocol ensuring operational transfer within twenty-four hours of an incident. Furthermore, bureaus must establish a crisis management unit with clearly defined roles, implement robust data protection policies, and report plan updates to the BCEAO through their annual compliance reports.
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