Notice FSM-N21 Technology Risk Management (capital markets FIs)
Is this legally binding?
Binding, sectoral. Binding, but only for a defined population: one regulated sector, or the federal government and the vendors it buys from.
TRM notice applying to capital markets financial institutions: approved exchanges, clearing houses, trade repositories, benchmark administrators, CMS licensees, fund management companies, corporate finance advisers, REIT managers, credit rating agencies and others. Issued 9 May 2024, effective 10 May 2024.
From the source
“Requirements on technology risk management for capital markets financial institutions.”
MAS Notice FSM-N21 page: Published Date 09 May 2024
What this connects to
1 relations. Official relations are the ones the source documents state; anything marked GAGE analysis is our reading, not an agency's.
Cites1
- InstrumentMAS Notices on Technology Risk Management (TRM Notices)Binding, sectoral
Sector-specific notice within the TRM notice family
Learn this properly
This page tells you what this instrument is and whether it binds you. The AI Governance program teaches the whole discipline, with dedicated coverage of the Singapore governance stack and the MAS regime, and every topic is passed by explaining it back in your own words, graded against the source.
See the AI Governance programVerified against the official source on 2026-08-17. GAGE is not affiliated with or endorsed by any agency named here, and nothing on this page is legal advice. How this is built and checked.
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