Important Measures
FSC amends Article 9-1 of "Regulations Governing Establishment of Internal Control Systems by Public Companies"
2022-01-11
To strengthen information security management mechanisms, the FSC on 28 December 2021 amended the "Regulations Governing Establishment of Internal Control Systems by Public Companies" by adding a new provision that requires public companies to allocate adequate human resources and equipment for the planning and monitoring of the information security system and the implementation of information security management operations. For a company with specific requirements, the FSC may order the company to appoint a person to concurrently serve as its chief information security officer, who shall be in charge of the overall promotion of information security policy and the allocation of related resources. The FSC may also order such a company to establish a dedicated information security unit, chief officer, and other personnel to facilitate the FSC's efforts to exercise differential regulatory treatment.
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- Update: 2022-01-11