RBI notifies Draft Master Direction on Information Technology, Governance, Risk, Controls and Assurance Practices
- Blog|News|FEMA & Banking|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 22 October, 2022
Latest from Taxmann
Press Release no. 2022-2023/1072, dated: 20.10.2022
Earlier, the RBI had announced that the guidelines relating to Information Technology Governance and Controls, Business Continuity Management and Information Systems Audit require to be updated and consolidated. Now, the RBI has notified the Draft Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices for implementation by Regulated Entities (REs).
The draft Master Directions incorporate consolidated and updated guidelines/instructions on IT Governance, Risks, Controls and Assurance Practices for comments of stakeholders and members of the public.
Further, the comments/feedback from REs and other stakeholders will be submitted by November 20, 2022 through email with the subject line ‘Feedback on Master Direction – Information Technology Governance, Risk, Controls and Assurance Practices’.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
