Regulatory Alerts2023-01-01
Discussion Paper No. 1 of 2023 – IT Risk Management
The Financial Services Regulatory Authority of Abu Dhabi Global Market proposes enhancing IT risk management for authorised firms through new comprehensive guidance, mandatory incident reporting, and regulatory technology tools. The regulator intends to issue IT Risk Management Guidance covering governance, infrastructure, and emerging technologies while reviewing existing rules to strengthen core requirements. Additionally, the FSRA plans to enforce standardized reporting of material IT incidents within two hours and is trialing large language models to help firms navigate regulatory obligations.
Share