From: Finextra
Clearing houses in the UK will have to complete regular cybersecurity reports due to new legislation likely to be introduced in May 2018.
The legal update will put the UK’s regulation of cyber security in financial market infrastructures much more in line with current EU directives around critical infrastructure, including the Network and Information Security (NIS) Directive.
The EU’s Directive allows each member state to define what is classed as an ‘essential service’ and therefore covered by the legislation
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