Regulatory Alerts2024-05-09
Added
Notice FSM-N19 Technology Risk Management
The Monetary Authority of Singapore issued Notice FSM-N19 to impose technology risk management requirements on registered insurance brokers. The regulation mandates that these entities maintain high reliability, availability, and recoverability for critical IT systems while implementing controls to protect customer data from unauthorized access. The notice became effective on 10 May 2024 and is issued pursuant to the Financial Services and Markets Act 2022.
Topics
Share