Normative regulation of business continuity management in the Republic of Serbia

Abstract

The problem addressed in this paper concerns business continuity, that is, business continuity management. Business continuity management can be understood as one of the basic functions of any organization, the establishment and realization of which is necessary to ensure the continuation of business and at the same time the functioning of the organization in the event of any disruption caused by a potentially harmful event. On the other hand, it is not wrong to understand this function as an integral part of corporate security. This paper started from the research question of whether there is an adequate normative framework for business continuity management in the Republic of Serbia. In the paper, the author researched whether the business continuity management process is normatively regulated in a satisfactory manner, specifically, the legal regulations of the Republic of Serbia, standards in this area, but also regulations at the level of the European Union, in order to determine the relevant provisions that are missing in the legislation of the Republic of Serbia. The expected result is that, on the basis of a comprehensive analysis of the content of the documents that regulate business continuity management for the Republic of Serbia, and then on a level that goes beyond the borders of the state - for the international community in the field of business continuity created by state and non-state entities that aim to have a more comprehensive understanding and applying the business continuity concept. The author uses everything presented so far in order to point out the normative regulation of the subject area in the Republic of Serbia, but also more broadly, the importance of the entire area of business continuity, as well as the importance of greater involvement of the state in the regulation of issues of this type.