FINANCIAL SECTOR CYBERSECURITY AND CYBER RESILIENCE: DRAFT STANDARD OUT FOR COMMENT

FINANCIAL SECTOR CYBERSECURITY AND CYBER RESILIENCE: DRAFT STANDARD OUT FOR COMMENT

• 15 December 2022
• Financial Sector
• SA Legal Academy

The Financial Sector Conduct Authority (FSCA) and Prudential Authority have called for input by 28 February 2023 on a revised draft joint standard, informed by input during consultations in 2021.

According to the FSCA communication announcing this, once finalised and in force the new standard will apply to the following institutions and service providers, as defined in the relevant legislation and/or related regulatory notices:

• banks, insurers and their controlling companies
• mutual banks
• pension funds and their administrators
• the managers of collective investment schemes
• market infrastructure
• discretionary, Category I and administrative financial service providers
• over-the-counter derivative providers, and
• credit rating agencies.

Please click the links below to access the revised draft joint standard and associated documents:

• draft joint standard, which should be read with the:
  • statement of need
  • summary of input on the previous draft joint standard 
  • draft reporting form
• joint FSCA and Prudential Authority communication
• comments template

Published by SA Legal Academy Policy Watch

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