For organizations that are subject to the New York State Department of Financial Services (NYSDFS) regulations, this is a reminder that all covered entities need to report on their compliance status by April 15th each year.

With the amendment that went into effect in 2024, your annual certification requires that one of two new forms be submitted, depending on your compliance status. These new forms include a Certification of Material Compliance or an Acknowledgement of Noncompliance.

Also, a reminder that exemptions must be requested and approved prior to certification. If you qualify for a Limited Exemption, you must still certify annually. If you qualify for a Full Exemption, you must still submit your Notice of Exemption annually.

We Are Here to Help

The NYSDFS Amendment can be complex and confusing. If you would like to discuss and clarify your requirements, or if you are noncompliant and would like our help with annual NYSDFS Risk Assessments or Cybersecurity Policy development, customers should contact your Customer Success Specialist or su*****@*********re.com for assistance.

For smaller organizations interested in assistance, contact us at sa***@*********re.com or HERE