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.
Notices
Last Revised Date: 09 May 2024
Notice PSN05 Technology Risk Management [Cancelled]
This Notice was cancelled with effect from 10 May 2024.
Technology Risk
Issued pursuant to:
Payment Services Act 2019 (Act 2 of 2019) section 102(1)
Applies to:
Designated Payment System Operator
,
Designated Payment System Settlement Institution
View Notice
Notice PSN05 Technology Risk Management [Cancelled]
(100.7 KB)
Please refer to Notice FSM-N13 on Technology Risk Management.
10 May 2024 MAS Notice PSN05 is cancelled.
6 November 2024 Notice PSN05 (Amendment) 2024 (137.6 KB) takes effect.
Instructions on Incident Notification and Reporting to MAS
Incident Reporting Template
Template for financial institutions to report incidents to MAS, including incidents relating to IT systems, cyber attacks, information loss and liquidity.
Risk management principles and best practice standards to guide financial institutions in managing technology risk.
Consultation number:
P013 - 2012
Start date:
13 June 2012
Closing date:
16 July 2012
MAS response date:
16 July 2012