Is a bank, in Madagascar

Loi n°2020-011 sur la loi bancaire, art. 164 · Read the law's page

• This binds a credit institution (établissement de crédit): a legal person that habitually performs one or more of the banking services in Articles 5 to 13 of the Banking Act in Madagascar (Article 2), reached by declaring that you are a bank.
• Comply with the cybersecurity regulation in force, including the rules the CSBF issues by instruction for preventing, managing and mitigating information-technology risk across the banking system (Article 164).
• Define a cybersecurity policy and strategy, and put in place the means needed to prevent, manage and mitigate cyber-risks, with a rapid, effective and proportionate framework for response and control (Article 164).
• Delimit the cybersecurity roles of the board of directors, the general management and the internal control body, and adopt ethics rules for those roles that their members can understand (Article 164).
• Prepare and keep up to date a crisis management plan that your board of directors and the CSBF approve (Article 164).
• Make the security rules for your computer and telecommunications networks conform to the standards issued by the national cybersecurity entity (Article 164).