Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N09 Technology Risk Management
The Monetary Authority of Singapore issued Notice FSM-N09 to establish technology risk management requirements for finance companies. The regulation mandates high reliability, availability, and recoverability for critical IT systems alongside controls to protect customer information from unauthorized access. This notice became effective on 10 May 2024 under the Financial Services and Markets Act 2022.
Topics
Share