Regulatory Alerts2018-09-21
Amendments Proposed to the Regulation on Supervision of Electronic Financial Transactions
The Financial Services Commission proposed amendments to expand the scope of data managed in cloud environments and establish standards for their secure provision within the financial sector. These changes follow July 16, 2018 measures aimed at accelerating cloud service adoption by financial institutions. The updated regulation clarifies compliance requirements for electronic transactions, ensuring that cloud-based data handling meets established security benchmarks.
Amendments Proposed to the Regulation on Supervision of Electronic Financial Transactions
Date
2018-09-21
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Amendments Proposed to the Regulation on Supervision of Electronic Financial Transactions_.pdf (fileSize: 143KB)
The Financial Services Commission proposed amendments to the Regulation on Supervision of Electronic Financial Transactions as a follow-up to the measures announced on July 16, 2018, to promote the use of cloud services in the ifnancial sector. The proposed amendments are intended to expand the scope of data that may be managed in the cloud environment and to provide for standards for secure provision and use of cloud services.
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Amendments Proposed to the Enforcement Decree of the Act on Reporting and Use of Certain Financial Transaction Information
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Department/Division in charge of Information management
Department/Division In charge
International Affairs Department(Financial Hub Korea) International Cooperation Team
Phone Number
+82-2-3145-7895