Regulatory Alerts2024-05-09
Added
Notice FSM-N17 Technology Risk Management
The Monetary Authority of Singapore issued Notice FSM-N17 to establish technology risk management requirements for licensed credit bureaus. The regulation mandates high reliability, availability, and recoverability of critical IT systems alongside strict controls to protect customer information from unauthorized access. These requirements became effective on 10 May 2024 under the Financial Services and Markets Act 2022.
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