CBUAE System Migration Assurance Requirements
For UAE Licensed Financial Institutions (LFIs), major system implementations, replacements, upgrades, and migrations may be subject to specific Central Bank of the UAE (CBUAE) assurance and change-management requirements.
Where a change is material to Critical Operations or may materially affect customers, CBUAE requirements include:
- Thorough testing before implementation
- Appropriate review and approval of testing results
- Recovery and rollback planning
- Parallel operation of old and new ICT systems, where applicable
- Independent assurance by an external expert at key stages
- Senior Management review and endorsement of the independent assurance report
- Submission of the external expert report to CBUAE at least 30 calendar days before the proposed implementation
- Obtaining CBUAE written no-objection before implementation
For core system migration projects, the provided CBUAE requirements also expect the independent external implementation assurance provider to be engaged from project initiation and provide assurance throughout the project lifecycle.
Assurance Across the Complete Migration Lifecycle
MAST Consulting can provide independent assurance across:
Analysis & Selection → Strategy & Planning → Implementation → Data Migration → Testing → Cybersecurity Readiness → Go-Live → Post-Go-Live
The assurance review evaluates project governance, system and implementation partner selection, project planning, vendor management, risk and issue management, solution design, data migration, testing, defect management, training, cutover, and operational readiness.
Before go-live, assurance can also validate the status of testing, data migration, defects, risks and issues, infrastructure readiness, operational preparedness, and cybersecurity testing. The provided CBUAE requirements specifically require confirmation that vulnerability assessment and penetration testing have been completed against the production environment and that high and critical findings have been remediated.
How MAST Consulting Can Support
MAST Consulting acts as an independent System Migration Assurance partner, providing objective assessment throughout the project lifecycle and helping management identify and address risks before critical migration decisions and go-live.
Our services can support LFIs with:
- Independent implementation and migration assurance
- CBUAE-aligned assurance assessments
- Project governance and risk reviews
- Data migration assurance
- Testing and defect management assurance
- Cybersecurity and VAPT readiness review
- Go-live readiness assessment
- Independent assurance reporting
- Board and Senior Management reporting
- Findings and remediation tracking
- Post-go-live assurance
Planning a core system implementation or migration?
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