CTH
//
© 2026 Zoe. All rights reserved.
Zoe is a legal information platform. Always consult the Federal Register of Legislation for authoritative text.
Banking, Insurance and Life Insurance (prudential standard) determination No. 2 of 2012 - Prudential Standard CPS 232 - Business Continuity Management
Start here
Turn the raw legal text into a practical explanation grounded in Banking, Insurance and Life Insurance (prudential standard) determination No. 2 of 2012 - Prudential Standard CPS 232 - Business Continuity Management.
A regulated institution must maintain at all times a documented BCP that meets the objectives of the BCM Policy.[7]
The BCP must document procedures and information that enable the regulated institution to:
(a) manage an initial business disruption (crisis management); and
(b) recover critical business operations.
(a) critical business operations;
(b) recovery levels and time targets for each critical business operation;
(c) recovery strategies for each critical business operation;
(d) infrastructure and resources required to implement the BCP;
(e) roles, responsibilities and authorities to act in relation to the BCP; and
(f) communication plans with staff and external stakeholders.