Regulatory Alerts2018-03-02
Regulations Amending Operational Risk Management Guidelines (FFFS 2018:1)
Finansinspektionen amends its operational risk management regulations to update definitions, clarify applicability to financial institutions and clearing operators, and establish stricter continuity testing requirements. The revised rules mandate that covered undertakings determine the maximum allowable interruption times for critical processes and implement internal continuity management frameworks. Contingency, continuity, and recovery plans supporting these processes must be tested at least annually, with the amendments taking effect on 1 March 2018.
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