Regulatory Alerts2022-12-14
FSCA-PA Joint Communication 4 of 2022
The Prudential Authority and Financial Sector Conduct Authority have published a revised Joint Standard mandating minimum cybersecurity and cyber resilience requirements for specified financial institutions. The framework applies to banks, mutual banks, insurers, market infrastructure, discretionary and administrative financial services providers, pension funds, OTC derivative providers, administrators, and credit rating agencies. Regulators invite public comments on the revised standard, supporting statement, and submission templates via email by 28 February 2023 to finalize the regulatory framework.
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