Entire Section

  • AMI A1.2 AMI A1.2 Testing of Technology Systems

    • AMI A1.2.1 AMI A1.2.1

      An Authorised Market Institution must, before commencing live operation of its information technology systems or any updates thereto, use development and testing methodologies in line with internationally accepted testing standards in order to test the viability and effectiveness of such systems. For this purpose, the testing must be adequate for the Authorised Market Institution to obtain reasonable assurances that the systems, among other things:

      (a) enable it to comply with all the applicable requirements, including legislation, on an on-going basis;
      (b) can continue to operate effectively in stressed market conditions; and
      (c) any risk management controls embedded within the systems, such as generating automatic error reports, work as intended.
      Derived from RM118/2013 [VER15/07-13]

      • AMI A1.2.1 Guidance

        In assessing whether an Authorised Market Institution has adequate information technology resourcing, the DFSA will consider:

        a. whether its systems have sufficient electronic capacity to accommodate reasonably foreseeable volumes of messaging and orders, and
        b. whether such systems are adequately scalable in emergency conditions that might threaten the orderly and proper operations of its facility.
        Derived from RM118/2013 [VER15/07-13]