Central Securities Clearing System Plc (CSCS), the central securities depository for the Nigerian capital market, has achieved a significant milestone in its operational excellence journey by securing the prestigious ISO/IEC 27001:2022 and ISO 22301:2019 certifications. These internationally recognized standards, awarded by a leading management system certification body, underscore CSCS’s unwavering dedication to upholding best practices in information security management and business continuity. This achievement positions CSCS as a leader in risk mitigation and operational resilience within Nigeria’s financial landscape, reinforcing trust among stakeholders and demonstrating a commitment to maintaining the integrity of the capital market.
The ISO/IEC 27001:2022 certification signifies CSCS’s adherence to a globally recognized framework for managing information security. This comprehensive standard outlines requirements for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). By achieving this certification, CSCS demonstrates its ability to effectively identify and manage information security risks, protect sensitive data from unauthorized access and breaches, and ensure the confidentiality, integrity, and availability of its information assets. This robust approach to information security is crucial for maintaining market confidence and protecting the interests of investors and other stakeholders in the Nigerian capital market.
Furthermore, the ISO 22301:2019 certification validates CSCS’s commitment to business continuity management. This international standard specifies requirements for establishing, implementing, maintaining, and continually improving a business continuity management system (BCMS). A robust BCMS enables organizations to effectively prepare for, respond to, and recover from disruptive incidents, minimizing the impact on critical operations and ensuring the continued delivery of essential services. For CSCS, this translates to a heightened ability to withstand unforeseen events, maintain market stability, and protect the integrity of transactions within the Nigerian capital market.
The attainment of these certifications reflects CSCS’s proactive approach to risk management and operational resilience. By aligning its operations with these globally recognized standards, CSCS demonstrates its commitment to safeguarding sensitive information, ensuring business continuity, and upholding the highest levels of professionalism and trustworthiness. This dedication to best practices not only strengthens CSCS’s internal operations but also fosters trust among clients, stakeholders, and regulators, reinforcing its position as a reliable and dependable infrastructure provider for the Nigerian capital market.
Haruna Jalo-Waziri, the Managing Director/Chief Executive Officer of CSCS Plc, expressed his pride in this achievement, highlighting the organization’s strategic focus on cultivating a culture of excellence, resilience, and trustworthiness. He emphasized that these certifications serve as a testament to the hard work and dedication of the CSCS team and validate their commitment to delivering value to stakeholders. Jalo-Waziri further reiterated CSCS’s unwavering mission to enable market confidence through best-in-class services and practices, solidifying its role as a key player in the growth and development of the Nigerian capital market.
As the central securities depository licensed and regulated by the Securities and Exchange Commission, CSCS plays a critical role in facilitating the smooth functioning of the Nigerian capital market. By achieving the ISO/IEC 27001:2022 and ISO 22301:2019 certifications, CSCS demonstrates its commitment to upholding the highest standards of information security and business continuity, further strengthening its position as a trusted and reliable partner for all stakeholders. This achievement reflects CSCS’s proactive approach to risk management and reinforces its dedication to maintaining the integrity and stability of the Nigerian capital market.
