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Security Control Agreement Template for Singapore

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Key Requirements PROMPT example:

Security Control Agreement

"Need a Security Control Agreement for my fintech startup to establish security protocols with our cloud service provider, ensuring compliance with MAS guidelines and Singapore's data protection laws, to be implemented by March 2025."

Document background
The Security Control Agreement serves as a crucial document in Singapore's regulated environment, particularly for organizations handling sensitive data or critical systems. This agreement type is essential when establishing formal security control requirements, implementation procedures, and monitoring mechanisms between parties. It addresses key aspects of cybersecurity governance, risk management, and compliance with Singapore's regulatory framework, including the Cybersecurity Act 2018 and industry-specific requirements. The Security Control Agreement is particularly relevant for organizations subject to MAS oversight or those handling critical infrastructure.
Suggested Sections

1. Parties: Identification and details of all contracting parties

2. Background: Context and purpose of the security control agreement

3. Definitions: Key terms and their meanings as used in the agreement

4. Scope of Security Controls: Detailed description of security measures and controls to be implemented

5. Implementation Timeline: Schedule for implementing security controls

6. Compliance Requirements: Specific regulatory and standard compliance obligations

7. Monitoring and Reporting: Requirements for security monitoring and incident reporting

8. Term and Termination: Duration of the agreement and conditions for termination

9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction

Optional Sections

1. Third-Party Access: Rules and controls for third-party access to systems and data - include when external parties require system access

2. Cloud Security Controls: Specific controls for cloud-based services - include when cloud services are part of the scope

3. International Data Transfers: Controls and requirements for cross-border data movement - include when data will be transferred internationally

4. Business Continuity and Disaster Recovery: Procedures for ensuring continuity of security controls during disruptions - include for critical systems

Suggested Schedules

1. Schedule 1 - Security Control Matrix: Detailed list of security controls and their specifications

2. Schedule 2 - Incident Response Plan: Procedures and protocols for handling security incidents

3. Schedule 3 - Compliance Checklist: List of applicable compliance requirements and status

4. Schedule 4 - Technical Standards: Specific technical requirements and standards to be followed

5. Schedule 5 - Service Level Agreements: Specific performance metrics and service levels for security controls

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




























Clauses




























Industries

Securities and Futures Act (SFA): Primary Singapore legislation governing securities, futures, and derivatives markets, including control and ownership provisions

Companies Act: Core legislation governing corporate entities in Singapore, relevant for corporate control and ownership structures

Personal Data Protection Act (PDPA): Legislation governing the collection, use, disclosure, and care of personal data in Singapore

Computer Misuse Act: Legislation addressing cybercrime and unauthorized access to computer systems in Singapore

Cybersecurity Act 2018: Framework for the protection of Critical Information Infrastructure (CII) and cybersecurity standards in Singapore

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering various aspects of financial sector operations

MAS Notice on Technology Risk Management: Specific guidelines for technology risk management and security controls in financial institutions

MAS Guidelines on Outsourcing: Guidelines governing outsourcing arrangements and associated control requirements

MAS Guidelines on Risk Management Practices: Framework for risk management practices including security control requirements

ISO/IEC 27001: International standard for information security management systems, widely adopted in Singapore

ISO/IEC 27002: International standard providing guidelines for security controls and management practices

SS 584: Singapore Standard for cloud security, providing guidelines for cloud service security

Singapore Contract Law: Common law principles governing contract formation, execution, and enforcement in Singapore

Cross-border Data Transfer Regulations: Rules and requirements governing the transfer of data across Singapore's borders

Industry-specific Regulations: Sector-specific regulatory requirements that may apply depending on the industry context

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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