Regulatory Alerts2019-08-01
Added · Updated
Circular No. 30/2019: Cyber Risk Adaptation Instructions Compliance Reporting
The Central Bank requires licensed banks, financial institutions, credit information companies, and microfinance companies to submit evidence of completion or a detailed report regarding the Cyber Risk Adaptation Instructions issued in 2018. This submission must specify the percentage completed for each item and include a timeline for finishing remaining tasks. The directive applies to the entities listed in the circular and mandates compliance reporting under the authority of Governor Dr. Ziad Friez.
10/6/10965 29/ 11/1440 AH 1/ 8 /2019 AD
Circular to:
Number (30/2019)
Licensed Banks Financial Institutions Credit Information Companies Microfinance Companies
Greetings,
With reference to the Cyber Risk Adaptation Instructions issued under Central Bank letter No. (26/1/1/1984) dated 6/2/2018, please provide us with evidence supporting the completion of the instruction requirements or a report detailing the completion level of each item in the instructions, specifying the percentage completed and accompanied by a timeline for completing the remaining tasks.
Please accept our highest respect and appreciation,
The Governor Dr. Ziad Friez