Regulatory Alerts2020-02-21
DLT Framework — Guidance Note 9 Resilience
The Gibraltar Financial Services Commission issued Guidance Note 9 to define the operational, technical, and organizational resilience standards required of Distributed Ledger Technology Providers under the DLT Regulations. The document mandates that providers establish comprehensive business continuity and disaster recovery plans, including regular testing, clear crisis management roles, and robust backup procedures to protect consumer data and ensure service continuity. Additionally, it requires strict change management processes, real-time record keeping, and defined protocols for the orderly wind-down of business operations to mitigate risks associated with key personnel dependence and system failures.
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