Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N11 Technology Risk Management
The Monetary Authority of Singapore issued Notice FSM-N11 to mandate technology risk management standards for merchant banks in Singapore. The regulation requires institutions to ensure high reliability, availability, and recoverability of critical IT systems while implementing controls to protect customer information from unauthorized access. This notice became effective on 10 May 2024 under the Financial Services and Markets Act 2022.
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