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Security Sharing Agreement
"Need a Security Sharing Agreement between our investment firm and three partner banks for sharing threat intelligence data, compliant with Canadian securities regulations and PIPEDA, to be implemented by March 2025."
1. Parties: Identification of all parties to the agreement, including their legal names, addresses, and registration details
2. Background: Context of the agreement, relationship between parties, and purpose of the security sharing arrangement
3. Definitions: Detailed definitions of technical terms, regulatory references, and key concepts used throughout the agreement
4. Scope of Information Sharing: Detailed description of what types of security-related information will be shared between parties
5. Security Classifications: Definition of security levels and classification system for shared information
6. Information Handling Requirements: Protocols for handling, storing, transmitting, and protecting shared information
7. Access Controls: Specifications for who can access shared information and under what circumstances
8. Confidentiality Obligations: Obligations regarding maintaining confidentiality of shared information
9. Data Protection and Privacy: Compliance requirements with PIPEDA and other relevant privacy laws
10. Security Breach Protocols: Procedures for handling and reporting security breaches or unauthorized access
11. Use Restrictions: Limitations on how shared information can be used and restrictions on disclosure
12. Duration and Termination: Term of the agreement and circumstances under which it can be terminated
13. Return or Destruction of Information: Procedures for handling shared information upon termination
14. Governing Law and Jurisdiction: Specification of applicable Canadian law and jurisdiction for dispute resolution
1. Third Party Access: Required when shared information may need to be accessed by authorized third parties such as service providers or regulators
2. International Transfer Provisions: Needed when information may be transferred across international borders
3. Audit Rights: Optional section detailing rights to audit compliance with the agreement
4. Insurance Requirements: Specific insurance obligations when handling particularly sensitive or valuable information
5. Dispute Resolution Procedures: Detailed alternative dispute resolution procedures beyond standard court proceedings
6. Cost Allocation: Required when there are specific costs associated with the sharing arrangement that need to be allocated between parties
7. Service Level Requirements: Needed when specific performance levels for information sharing systems must be maintained
1. Schedule A - Technical Requirements: Detailed technical specifications for information sharing systems and security protocols
2. Schedule B - Security Classification Matrix: Detailed matrix defining security levels and handling requirements for each classification
3. Schedule C - Authorized Personnel: List of authorized personnel and their access levels
4. Schedule D - Information Security Policies: Detailed security policies and procedures for handling shared information
5. Schedule E - Incident Response Plan: Detailed procedures for responding to security incidents
6. Schedule F - Contact Information: List of key contacts for operational and emergency matters
7. Appendix 1 - Data Fields: Specific data fields and formats for shared information
8. Appendix 2 - Compliance Checklist: Checklist for ensuring compliance with security and privacy requirements
Authors
Financial Services
Banking
Securities Trading
Investment Management
Insurance
Technology
Cybersecurity
Government
Telecommunications
Healthcare
Legal Services
Professional Services
Legal
Information Security
Compliance
Risk Management
IT Operations
Data Protection
Privacy
Regulatory Affairs
Information Governance
Security Operations
Corporate Security
Technology Risk
Chief Information Security Officer
Chief Compliance Officer
Chief Risk Officer
Information Security Manager
Data Protection Officer
Privacy Officer
Legal Counsel
Compliance Manager
Security Operations Director
IT Director
Risk Manager
Information Governance Manager
Security Analyst
Regulatory Affairs Director
Data Security Manager
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