On-site inspection will be initiated "immediately" in the event that financial services are interrupted for more than three hours due to a computer accident.
January 3, 2023Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.
October 24, 2022Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
June 29, 2022E-money can refer to monetary value "electronically stored in an instrument or device" - including cash cards, prepaid cards, stored value cards or digital wallets.
March 15, 2022ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.
November 26, 2021APRA found in a data collection exercise that 60 percent of regulated entities had not assessed IT service providers' information security control testing.
November 25, 2021IOSCO's principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.
November 1, 2021Some jurisdictions have regulatory requirements for critical systems of trading venues that do not extend to outsourced functions.
May 8, 2021The new guidelines follow last month's trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.
March 25, 2021Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
February 8, 2021