Regulatory Alerts2020-12-11
Added · Updated
Guidance on Technology Arrangements, ICT and Security Risk Management, and Outsourcing Arrangements
The MFSA issued principle-based cross-sectorial guidelines on technology arrangements, ICT and security risk management, and outsourcing arrangements, supplemented by a consultation Feedback Statement. The Authority plans to conduct thematic reviews on a sectoral basis, with key aspects of the Guidance cross-referenced by respective prudential rules of applicable sectors alongside ESA Guidelines. Annex 1 details the amendment of specific rulebooks and paragraphs for credit and financial institutions, insurance and pensions, securities and markets, trustees and fiduciaries, and virtual financial assets to incorporate these cross-references.
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