Regulatory AlertsPrudential Guideline No. 10 on Business Continuity Management
The Central Bank of Solomon Islands issued Prudential Guideline No. 10 to establish a minimum framework for Business Continuity Management for all licensed financial institutions. The guideline mandates that institutions develop board-approved policies, conduct Business Impact Analyses, and maintain tested Business Continuity Plans to ensure the timely recovery of critical operations. Compliance requires annual testing, specific notification of major disruptions within 24 hours, and adherence to strict enforcement measures for non-compliance.
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