Regulatory Alerts2024-05-09
Added
Notice FSM-N25 Technology Risk Management
The Monetary Authority of Singapore issued Notice FSM-N25 to establish technology risk management requirements for licensed trust companies. The regulation mandates high levels of reliability, availability, and recoverability for critical IT systems alongside controls to protect customer information. This notice became effective on 10 May 2024 pursuant to the Financial Services and Markets Act 2022.
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