Regulatory Alerts2024-05-09
Added
MAS Notice FSM-N24 on Cyber Hygiene for Licensed Financial Advisers
The Monetary Authority of Singapore issued Notice FSM-N24 to impose specific cyber hygiene requirements on licensed financial advisers. The directive mandates the implementation of security measures including securing administrative accounts, applying security patching, establishing baseline security standards, deploying network security devices, implementing anti-malware measures, and strengthening user authentication. This notice became effective on 10 May 2024 pursuant to the Financial Services and Markets Act 2022.
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