Regulatory Alerts2016-07-27
Added
MAS Circular (Cancellation) 2016
The Monetary Authority of Singapore issued this circular to formally cancel MAS Circular SRD TR01/2011 on Information Technology Outsourcing. The cancellation takes immediate effect as the previous guidance has been superseded by the new Guidelines on Outsourcing dated 27 July 2016. This action ensures that financial institutions and insurers adhere to the updated regulatory standards for outsourcing activities.
Circular No. SRD TR 01/2016 27 July 2016 The Chief Executive Officers of All Financial Institutions The Chief Executives of All Insurers Dear Sir/Madam MAS CIRCULAR (CANCELLATION) 2016 Please be informed that MAS Circular SRD TR01/2011 on “Information Technology Outsourcing” has been superseded by the “Guidelines on Outsourcing” dated 27 July 2016, and is hereby cancelled with immediate effect. Yours faithfully (via MASNET) HO HERN SHIN EXECUTIVE DIRECTOR & HEAD SPECIALIST RISK DEPARTMENT