Regulatory Alerts2021-06-09
Joint Communication 3 of 2021 – Draft Joint Standard on Information Technology Risk Management
The Financial Sector Conduct Authority and Prudential Authority have published a draft Joint Standard mandating comprehensive information technology risk management requirements for financial institutions. The standard applies to banks, insurers, collective investment scheme managers, market infrastructure, and discretionary or administrative financial services providers under the Financial Sector Regulation Act of 2017. Regulators invite public submissions on the draft standard and supporting documentation by 26 July 2021 via email using a prescribed template.
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