Regulatory Alerts2021-05-19
Providing Backup Generators in Branches and Transfer Centers
The Saudi Central Bank requires local banks and financial institutions to implement precautionary measures, including installing backup generators with verified capacity and conducting periodic maintenance, to ensure uninterrupted branch services during power outages. Banks must coordinate with the Saudi Electricity Company to prioritize their main and backup data centers and headquarters, while submitting an inventory of targeted branches and a corresponding implementation timeline within three months. This directive, effective January 1, 2022, aligns with existing business continuity regulations to mitigate disaster risks and maintain rapid service restoration without impacting customer operations.
Share