diff --git a/pkg/scanners/cloudformation/parser/fn_ref.go b/pkg/scanners/cloudformation/parser/fn_ref.go
index 77ffddd8f..a31b38395 100644
--- a/pkg/scanners/cloudformation/parser/fn_ref.go
+++ b/pkg/scanners/cloudformation/parser/fn_ref.go
@@ -16,7 +16,7 @@ func ResolveReference(property *Property) (resolved *Property, success bool) {
 	refValue := refProp.AsString()
 
 	if pseudo, ok := pseudoParameters[refValue]; ok {
-		return property.deriveResolved(cftypes.String, pseudo.(string)), true
+		return property.deriveResolved(pseudo.t, pseudo.val), true
 	}
 
 	if property.ctx == nil {
diff --git a/pkg/scanners/cloudformation/parser/fn_select_test.go b/pkg/scanners/cloudformation/parser/fn_select_test.go
index cdf506243..92b634457 100644
--- a/pkg/scanners/cloudformation/parser/fn_select_test.go
+++ b/pkg/scanners/cloudformation/parser/fn_select_test.go
@@ -34,3 +34,44 @@ Resources:
 
 	require.Equal(t, "redis", engineProp.AsString())
 }
+
+func Test_SelectPseudoListParam(t *testing.T) {
+	src := `---
+Resources:
+  myASGrpOne:
+    Type: AWS::AutoScaling::AutoScalingGroup
+    Version: "2009-05-15"
+    Properties:
+      AvailabilityZones:
+        - "us-east-1a"
+      LaunchConfigurationName:
+        Ref: MyLaunchConfiguration
+      MinSize: "0"
+      MaxSize: "0"
+      NotificationConfigurations:
+        - TopicARN:
+            Fn::Select:
+              - "1"
+              - Ref: AWS::NotificationARNs
+      NotificationTypes:
+        - autoscaling:EC2_INSTANCE_LAUNCH
+        - autoscaling:EC2_INSTANCE_LAUNCH_ERROR
+
+`
+
+	ctx := createTestFileContext(t, src)
+	require.NotNil(t, ctx)
+
+	resource := ctx.GetResourceByLogicalID("myASGrpOne")
+	require.NotNil(t, resource)
+
+	notification := resource.GetProperty("NotificationConfigurations")
+	require.True(t, notification.IsNotNil())
+	require.True(t, notification.IsList())
+	first := notification.AsList()[0]
+	require.True(t, first.IsMap())
+	topic, ok := first.AsMap()["TopicARN"]
+	require.True(t, ok)
+	require.Equal(t, "notification::arn::2", topic.AsString())
+
+}
diff --git a/pkg/scanners/cloudformation/parser/fn_sub.go b/pkg/scanners/cloudformation/parser/fn_sub.go
index 760b39355..e5b1cf9e2 100644
--- a/pkg/scanners/cloudformation/parser/fn_sub.go
+++ b/pkg/scanners/cloudformation/parser/fn_sub.go
@@ -63,8 +63,8 @@ func resolveMapSub(refValue *Property, original *Property) (*Property, bool) {
 func resolveStringSub(refValue *Property, original *Property) *Property {
 	workingString := refValue.AsString()
 
-	for k, v := range pseudoParameters {
-		workingString = strings.ReplaceAll(workingString, fmt.Sprintf("${%s}", k), fmt.Sprintf("%v", v))
+	for k, param := range pseudoParameters {
+		workingString = strings.ReplaceAll(workingString, fmt.Sprintf("${%s}", k), fmt.Sprintf("%v", param.getRawValue()))
 	}
 
 	return original.deriveResolved(cftypes.String, workingString)
diff --git a/pkg/scanners/cloudformation/parser/pseudo_parameters.go b/pkg/scanners/cloudformation/parser/pseudo_parameters.go
index a132b442e..938597109 100644
--- a/pkg/scanners/cloudformation/parser/pseudo_parameters.go
+++ b/pkg/scanners/cloudformation/parser/pseudo_parameters.go
@@ -1,11 +1,46 @@
 package parser
 
-var pseudoParameters = map[string]interface{}{
-	"AWS::AccountId":        "123456789012",
-	"AWS::NotificationARNs": []string{"notification::arn::1", "notification::arn::2"},
-	"AWS::NoValue":          nil,
-	"AWS::Partition":        "aws",
-	"AWS::Region":           "eu-west-1",
-	"AWS::StackId":          "arn:aws:cloudformation:eu-west-1:stack/ID",
-	"AWS::StackName":        "cfsec-test-stack",
+import "github.com/aquasecurity/defsec/pkg/scanners/cloudformation/cftypes"
+
+type pseudoParameter struct {
+	t   cftypes.CfType
+	val interface{}
+	raw interface{}
+}
+
+var pseudoParameters = map[string]pseudoParameter{
+	"AWS::AccountId": {t: cftypes.String, val: "123456789012"},
+	"AWS::NotificationARNs": {
+		t: cftypes.List,
+		val: []*Property{
+			{
+				Inner: PropertyInner{
+					Type:  cftypes.String,
+					Value: "notification::arn::1",
+				},
+			},
+			{
+				Inner: PropertyInner{
+					Type:  cftypes.String,
+					Value: "notification::arn::2",
+				},
+			},
+		},
+		raw: []string{"notification::arn::1", "notification::arn::2"},
+	},
+	"AWS::NoValue":   {t: cftypes.String, val: ""},
+	"AWS::Partition": {t: cftypes.String, val: "aws"},
+	"AWS::Region":    {t: cftypes.String, val: "eu-west-1"},
+	"AWS::StackId":   {t: cftypes.String, val: "arn:aws:cloudformation:eu-west-1:stack/ID"},
+	"AWS::StackName": {t: cftypes.String, val: "cfsec-test-stack"},
+	"AWS::URLSuffix": {t: cftypes.String, val: "amazonaws.com"},
+}
+
+func (p pseudoParameter) getRawValue() interface{} {
+	switch p.t {
+	case cftypes.List:
+		return p.raw
+	default:
+		return p.val
+	}
 }
diff --git a/pkg/scanners/cloudformation/parser/pseudo_parameters_test.go b/pkg/scanners/cloudformation/parser/pseudo_parameters_test.go
new file mode 100644
index 000000000..281bf9083
--- /dev/null
+++ b/pkg/scanners/cloudformation/parser/pseudo_parameters_test.go
@@ -0,0 +1,36 @@
+package parser
+
+import (
+	"testing"
+
+	"github.com/stretchr/testify/assert"
+)
+
+func Test_Raw(t *testing.T) {
+	tests := []struct {
+		name     string
+		key      string
+		expected interface{}
+	}{
+		{
+			name:     "parameter with a string type value",
+			key:      "AWS::AccountId",
+			expected: "123456789012",
+		},
+		{
+			name:     "a parameter with a list type value",
+			key:      "AWS::NotificationARNs",
+			expected: []string{"notification::arn::1", "notification::arn::2"},
+		},
+	}
+
+	for _, tt := range tests {
+		t.Run(tt.name, func(t *testing.T) {
+			if val, ok := pseudoParameters[tt.key]; ok {
+				assert.Equal(t, tt.expected, val.getRawValue())
+			} else {
+				t.Fatal("unexpected parameter key")
+			}
+		})
+	}
+}