Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N07 Technology Risk Management
The Monetary Authority of Singapore issued Notice FSM-N07 to impose technology risk management requirements on credit and charge card licensees. The regulation mandates that these institutions ensure high reliability, availability, and recoverability of critical IT systems while implementing controls to protect customer data from unauthorized access. This notice became effective on 10 May 2024 pursuant to the Financial Services and Markets Act 2022.
Topics
Share