On 10 June 2026, the Monetary Authority of Singapore (MAS) launched a consultation seeking comments on proposed amendments to 11 MAS Notices on Technology Risk Management (collectively, Notices) to strengthen the technology resilience of the financial services sector. The consultation closes on 31 July 2026.
The proposed amendments require the relevant financial institutions (FIs) to which the Notices pertain to implement measures across key areas ranging from IT asset management, risk assessment and monitoring to capacity planning and management and incident management. The revised Notices also clarify the computation of unscheduled downtime for critical systems.
To view our summary of the key proposals under the consultation paper and the questions on which MAS is seeking comments, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Elaine CHAN
Co-Head – Financial Services Regulatory
d +65 6416 8010
e elaine.chan@wongpartnership.com
Click here to view Elaine’s CV.
LAM Chung Nian
Head – Intellectual Property, Technology & Data
d +65 6416 8271
e chungnian.lam@wongpartnership.com
Click here to view Chung Nian’s CV.
TIAN Sion Yoong
Partner – Financial Services Regulatory
d +65 6416 2488
e sionyoong.tian@wongpartnership.com
Click here to view Sion Yoong’s CV.
Kylie PEH
Partner – Intellectual Property, Technology & Data
d +65 6416 8259
e kylie.peh@wongpartnership.com
Click here to view Kylie’s CV.
CHAN Jia Hui
Partner – Financial Services Regulatory
d +65 6416 2794
e jiahui.chan@wongpartnership.com
Click here to view Jia Hui’s CV.