Regulatory Alerts2023-12-29
Instruction No. 79/AMF-UMOA on the Information System Requirements of the Regional Securities Market (BRVM)
The West African Monetary Union Financial Markets Authority (AMF-UMOA) issues Instruction No. 79/AMF-UMOA to establish mandatory security and risk management standards for the Regional Securities Market (BRVM). The regulation mandates strict IT controls, including comprehensive audit trails, robust user authentication protocols, and a formalized incident management framework with specific reporting timelines. It further requires the BRVM to maintain a Business Continuity Plan with defined Recovery Time and Point Objectives, conduct triennial security audits, and implement rigorous change management and data protection procedures.
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