5. Where an information security incident with potentially adverse impacts is reported to the officers or, where applicable, the managers of a financial institution or a credit assessment agent, the financial institution or the credit assessment agent must, not later than 24 hours from the time the incident is so reported, notify the Authority of the incident.
The financial institution or the credit assessment agent must, within that same period, also notify the Authority of any information security incident that has been reported or been the subject of a notice to a regulatory body, a person or a body responsible under law for the prevention, detection or repression of crime or statutory offences or contractually responsible for providing compensation for injury that may have been caused by the incident.
2024-13A.M. 2024-13, s. 5.