Regulatory Alerts2022-06-02
Regulation No 43/2022 on Business Continuity Management and Operational Resilience for Regulated Institutions
The National Bank of Rwanda issued Regulation No 43/2022 to mandate business continuity management and operational resilience frameworks for all licensed financial institutions. Regulated entities must establish comprehensive continuity policies, conduct business impact and risk analyses, define critical operations, and implement robust recovery plans alongside clear governance and crisis management structures. The regulation further enforces cross-border communications, third-party dependency assessments, ICT policies, and tailored supervisory reporting with defined transitional periods and disciplinary sanctions for non-compliance.
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