The JFSC issue Consultation Paper Proposed Amended Outsourcing Policy No. 6 2016 Issued: 18 July 2016
A consultation on proposals in relation to the Outsourcing Policy to:
- › amend the scope of the policy regarding outsourced activity;
- › define key terms and include a glossary to remove ambiguity;
- › remove the distinction between delegation and outsourcing in relation to certified funds and fund services businesses;
- › make changes to the core principles to provide clarity and align with international standards;
- › provide additional guidance including FAQs;
- › restructure the format of the policy into core principles, guidance and FAQs;
- › make minor updating and consequential changes.
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