May 14: The Bombay Stock Exchange (BSE) has become India’s first ever stock exchange to get certified with International Standard for Business Continuity Management System (ISO22301:2012) BCMS. BSE is Asia’s oldest exchange and currently the world’s fastest exchange with the speed of 6 microseconds.
BSE has been conferred with ISO 22301:2012 certification for Business Continuity Management Standard (BCMS) by DNV GL, an international accredited registrar and classification society headquartered in Hovik, Norway. The certificate was presented to Ashishkumar Chauhan, MD & CEO, BSE, by Shri Prakash Tikare, Country Head-India, DNV GL.
According to Prakash Tikare, “BSE has a very matured Information Security Management System (ISO 27001) in place over the years and now with the implementation of Business Continuity Management System (ISO 22301), BSE has taken an important step forward. DNV GL is proud to be partnered with BSE in this program and wish BSE and its team all the very best.”
A BSE source quoting Tikare added that BSE is a national pride and symbol and that the certification will present a formal assurance to all stakeholders of BSE about existence of Management System with the ability to sustain interruptions against business. He also appreciated the state-of-art setup of 24X7 Next Generation Cybersecurity Operations Centre, as a strong measure against cyber threats to sustain business.
Ashishkumar Chauhan, MD & CEO, BSE, stated that the certificate represent the management and the team’s commitment to its customers and stakeholders. He said that the implementation of the standard is in a manner that is aligned with its strategic and operational objectives as well. This is a proactive step on BSE’s behalf to provide its customers with assurance that the exchange has a management system to ensure continuity of business in situation of disruption or disaster.
The certification reveals the commitment and high quality of the services provided by BSE and its constant alignment to legal and regulatory requirements of SEBI governing its operations and business, BSE said in a statement.