What does the guidance cover? The guidance builds on the FCA’s existing approach. The FCA defines outsourcing as a third party delivering services on behalf of regulated firms, and the term ‘cloud’ includes different IT services supplied over the Internet. The benefits of outsourcing include cost efficiency, flexibility and increased security. However, there are also […]

On 7 July 2016, the Financial Conduct Authority (FCA) published its finalised guidance (the Guidance), “FG16/5 – Guidance for firms outsourcing to the ‘cloud’ and other third-party IT services”. http://bit.ly/29ofvk8 http://bit.ly/2a4UhDH FCA Guide Aims The Guidance aims to clarify the requirements on firms when outsourcing to the cloud and other third-party IT service providers. It […]