Regulatory Alerts2025-01-01
Consultation Paper No 3 of 2025 - Cyber Risk Management Framework
The Financial Services Regulatory Authority of the Abu Dhabi Global Market proposes new Cyber Risk Rules requiring regulated firms to establish and maintain a Cyber Risk Management Framework integrated into their overall risk management systems. These rules mandate that firms identify and assess cyber risks, implement appropriate governance controls, and notify the regulator of material cyber incidents immediately or within 24 hours. The consultation seeks feedback on these proposals, which aim to enhance sector-wide cyber resilience and align with international best practices for combating financial crime.
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