It slipped under the radar, then it poked its head up as the lawyers started to write about it.

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It slipped under the radar, then it poked its head up as the lawyers started to write about it. Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA) has published clear and concise guidance for Cybersecurity Risk Management by its covered entities. That comes into force on the 31st January 2026.

Guidance that in ones opinion is a first for global Finance regulatory in its focus on cybersecurity risk management, outside of the EU DORA and risk management requirements under current BIS Basel III. Certainly in its regulatory scope and breath and depth of compliance scope.

The ADGM has introduced cybersecurity risk management across 7 rule books including Insurance, Code of conduct, Market Infrastructure, Investment and Banking.

The General Rulebook, enclosed, section 3.5 is an important read. It includes, but not limited to the authorised person.
1. Establishing and maintaining a Cyber Risk Management(CRM) Framework to identify, Approved by it governing body.
2. Managing 3rd Party Supplier risk – Due diligence, contracts, incident response, supervision.
3. The governing body and senior management are responsible for the CRM framework, management of cyber risk, ensuring expertise.
4. Implementing a range of cybersecuirty polices, procedures and solutions to protect ICT assets again cyber incidents.
5. Identifying and assessing cyber threats, vulnerabilities and threats and the effectiveness of controls
6. Continuous monitoring and testing to assure control effectiveness testing and residual risk.
7. Detecting, responding and recover from cyber incidents. Report cyber incident no later than 24 hours after it becomes aware or has information that suggests a material incident has occurred.

The authorised person is defined under FSMR 2015, requiring the regulator to agree an authorised role.

@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan

Veritas GRC ADGM

#cybersecurity #cyberriskmanagement

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