Regulatory Alerts2023-09-05
Circulaire No. 001-2019 on Minimum Functional Requirements for Management Software and Information System Security for SGI, BTCC, SGO, and SG-FCTC
The Regional Council for Public Savings and Financial Markets (CREPMF) issued Circular No. 001-2019 to mandate minimum functional requirements and information system security standards for the management software of SGI, BTCC, SGO, and SG-FCTC entities. The regulation requires these financial institutions to implement specific software capabilities covering client management, account and securities tracking, transaction processing, portfolio valuation, accounting integration, and robust audit trails with strict access controls. Furthermore, any subsequent changes to their business management software must receive prior approval from the Council, and the circular takes effect immediately upon publication.
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