RBI notifies Draft Master Direction on Information Technology, Governance, Risk, Controls and Assurance Practices
- Blog|News|FEMA & Banking|
- < 1 minute
- By Taxmann
- |
- Last Updated on 22 October, 2022
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.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied