Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong's regulatory approach to technology risk and data security.
January 9, 2023E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.
January 4, 2023On-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, 2023Many of the new questions in the SFC's updated BRMQ focus on AML/CFT practices and brokerage business controls.
December 30, 2022The policy document primarily sets out regulatory requirements covering governance and risk management, in alignment with the PFMI.
December 23, 2022An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.
December 22, 2022The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.
December 21, 2022ASIFMA says the data localisation requirements in SEBI's new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.
December 20, 2022Under the revised rules, ICO portals will also be allowed to outsource certain tasks to service providers, as long as they are not 'core' services.
December 7, 2022The framework says there are "no limitations" on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.
November 7, 2022