Bank Al-Maghrib - Direction On Minimum Requirements for Managing a Switch Domain in Charge of Routing Permissions and Clearing Cash Flows


The Bank Al-Maghrib's Direction On Minimum Requirements for Managing a Switch Domain lays down the requirements to be met by entities authorized to create and operate a routing platform for authorizations and of the cash flows generated by the acquisition activity. The document is split into several sections and sets forth provisions on the following topics:

1. Interconnection
2. Interoperability
3. Access and Conditions of Participation
4. Formalization of Participation in the System
5. Formalization of the Relationship with Third-party Providers
6. Financial Security Mechanism
7. Security Requirements
8. System Availability
9. Data Integrity and Confidentiality
10. Reproducibility
11. Business Continuity Plan
12. Guarantee of the Irrevocable and Unconditional Nature of the Regulations
13. Authorized Activities
14. Pricing
15. Reporting and Communication
16. Accession to the Multilateral Convention on the Supervision of Payment Systems
17 Sanctions
18. Withdrawal of Authorization

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Document Details

Title (Non-English): 
Bank Al-Maghrib - Direction Exigences Minimales pour la Gestion d’un Switch Domestique en Charge du Routage des Autorisations et Compensation des Flux Monétiques
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Date of Document: 
Thursday, May 1, 2014
Document Authors: 
Bank Al-Maghrib
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