Regulatory Alerts2024-05-09
Added
Notice PSN05 Technology Risk Management [Cancelled]
The Monetary Authority of Singapore cancelled Notice PSN05 on Technology Risk Management with effect from 10 May 2024. This cancellation replaced the previous regulatory framework with Notice FSM-N13, which establishes updated risk management principles and best practice standards for financial institutions. The new requirements specifically guide designated payment system operators and settlement institutions in managing technology risks and reporting incidents to the regulator.
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