Regulatory Alerts2023-02-24
DFSA Consultation Paper No. 147 on Cyber Risk Management and Innovation Support
The Dubai Financial Services Authority released Consultation Paper No. 147 to propose revised cyber risk management standards and expanded innovation support mechanisms for regulated entities. The framework mandates enhanced cybersecurity governance, risk assessment procedures, and compliance reporting while streamlining regulatory pathways for emerging financial technologies. Regulated firms must submit formal feedback on the proposed requirements by 25 April 2023 via the official portal.
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