In today’s rapidly evolving digital landscape, cyber threats have become increasingly sophisticated and widespread, posing significant risks to financial institutions and their stakeholders. Recognizing these challenges, the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) has updated its risk management framework to incorporate enhanced requirements for managing cyber risks. These updates are aimed at strengthening the cyber resilience of firms operating within ADGM by ensuring that their overall risk management practices are aligned with global best practices and the UAE’s national cybersecurity strategy.

The updated framework mandates a comprehensive integration of cyber risk management into firms’ overall risk governance, with particular emphasis on robust controls, proactive risk assessments, and effective incident response mechanisms. Furthermore, there is heightened scrutiny on third-party vendor and IT service provider risks, reflecting the growing dependence on external technology providers in today’s financial ecosystem.

With the new regulations coming into effect on 31 January 2026, it is imperative that firms understand the scope of these changes and take timely action to ensure compliance. This entails not only technical upgrades and policy revisions but also enhanced governance and employee training to foster a culture of cyber resilience. Failure to comply may result in significant penalties, reputational damage, and operational disruptions.

This presentation outlines the key changes introduced by the FSRA, discusses their implications for firms, and provides actionable guidance on how to meet these new requirements efficiently. It also highlights the comprehensive support services that BDO UAE offers to help firms navigate these enhancements and achieve full compliance within the stipulated timeline.

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