Update to Regulatory Guidance – Cyber Security

The Isle of Man Financial Services Authority has made some updates to its Cyber Security Guidance.

The updates are:

1. paragraph 1.3 and Appendix 1 have been updated to include references to provisions relevant to cyber security in the Corporate Governance Code of Practice for Commercial Insurers;
2. paragraph 1.3 has been updated to include references to provisions relevant to cyber security in the Insurance (Group Supervision) Regulations 2019 and the Corporate Governance Code of Practice for Designated Insurers; and
3. paragraph 1.3 has been updated to reflect changes to the Island’s data protection legislation.

The updated guidance is available on the Authority’s Legislation & Guidance webpage and is also linked below:

https://www.iomfsa.im/media/1694/141216finalisedguidancecyberse1.pdf