Notices
Notice 1114 Technology Risk Management
Requirements on technology risk management for merchant banks.
Issued pursuant to:
Monetary Authority of Singapore Act (Cap. 186) section 28(3)
This notice applies to all merchant banks in Singapore. It sets out requirements for a high level of reliability, availability and recoverability of critical IT systems and for merchant banks to implement IT controls to protect customer information from unauthorised access or disclosure.
See also:
Amendment Notes
- 01 Jul 2014
- MAS Notice 1114 dated 21 June 2013 takes effect.
Related to this Notice
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FAQsLast Revised Date: 05 May 2023
FAQs - Notice on Technology Risk Management
Frequently asked questions about the Notice on Technology Risk Management.
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GuidelinesPublished Date: 18 January 2021
Guidelines on Risk Management Practices – Technology Risk
Risk management principles and best practice standards to guide financial institutions in managing technology risk.
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Forms and TemplatesPublished Date: 21 June 2013
Incident Reporting Template
Template for financial institutions to report incidents to MAS, including incidents relating to IT systems, cyber security, information loss and liquidity.
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Forms and TemplatesPublished Date: 21 June 2013
Instructions on Incident Notification and Reporting to MAS
Provides guidance to financial institutions on the notification and reporting of incidents to MAS.
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ConsultationsPublished Date: 13 June 2012
Consultation Paper on Notice on Technology Risk Management
- Consultation number:
- P013 - 2012
- Start date:
- 13 June 2012
- Closing date:
- 16 July 2012
- MAS response date:
- 16 July 2012
- Status:
- Responded