Date Issued: 08 May 2008
Date Closed: 22 May 2008
Status: Open for Consultation
SGX ISSUES CONSULTATION PAPER ON PROPOSED AMENDMENTS BUSINESS CONTINUITY MANAGEMENT REQUIREMENTS FOR SGX MEMBERS
Singapore Exchange (“SGX”) is inviting public comment on the proposed new business continuity management (“BCM”) requirements to be adopted and implemented by SGX member firms.
SGX member firms will be tasked to adopt and implement the following BCM requirements:-
a. assess business and operational risks and maintain adequate business continuity arrangements.
b. document business continuity arrangements in a business continuity plan, and designate a senior officer to be responsible for the member firm’s
business continuity plan.
c. review and test the member firm’s business continuity plan regularly.
d. appoint an emergency contact person, and furnish the contact information of such person to SGX. The emergency contact person is to be contactable at all times.
The proposed new rules and requirements will be implemented under the SGX-ST Rules, Futures Trading Rules, CDP Clearing Rules and SGX-DC Clearing Rules.
The consultation paper, which explains the rationale and proposed amendments in detail, will be available on SGX website at www.sgx.com from 8 May 2008. Market participants and members of the public can forward their feedback and suggestions on the above proposed amendments from 8 May 2008 to 22 May 2008 via email and either by post/courier or fax:
| Email: | rules@sgx.com
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| Post/Courier: | Singapore Exchange Limited
2 Shenton Way, SGX Centre 1
#19-00,
Singapore 068804
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| Attn: | Mr Vance Ng,
Regulatory Policy
Risk Management & Regulation Group
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| Fax: | (65) 6534 2207 |
| SGX Consultation Paper - 08 May 2008 |
| Title | (In PDF) |
| Consultation Paper on Proposed Amendments to Business Continuity Management Requirements for SGX Members. |
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