Regulatory Alerts2025-12-16
Added
Circular on Financial Institution Incident Reporting
The Monetary Authority of Singapore mandates that financial institutions report incidents using a revised template aligned with the FSB's FIRE format. Effective 1 February 2026, all reportable incidents must be submitted via the MAS-Tx platform, requiring initial notification within prescribed timelines and an initial report within 24 hours of discovery. The circular outlines specific contact procedures, data requirements, and submission protocols for both general incidents and cyber security events affecting Critical Information Infrastructure Owners.
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