On 1 August 2023, the Securities Commission Malaysia (SC) released the Guidelines on Technology Risk Management (Guidelines) to promote robust and sound technology risk management practices among capital market entities.
The Guidelines will be applicable to all capital market entities licensed, registered, approved, recognised or authorised by the SC, and will take effect in third quarter of 2024 in order to allow sufficient time for capital market entities to familiarise and meet with the requirements of the Guidelines. The Guidelines and FAQs are available on the SC website at https://www.sc.com.my/regulation/guidelines/cyber-risk-and-technology-risk.
Members are advised to submit their queries relating to the Guidelines to SC at gtrm@seccom.com.my.
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