WebThis Notification shall apply to all financial institutions according to the law on financial institution business. 5. Content 5.1 Definition “IT outsourcing” means the outsourcing of an IT activity from a financial institution to a service provider, where that activity must normally be performed by the financial institution itself. WebThe chapter provides, in Clause 1.3.2 that, in order to begin, change or make amendments to the scope of outsourced activity, a notification to the HKMA is to occur. The attenuating …
Hong Kong Monetary Authority - Supervisory Policy Manual
Webthe Guidelines on Outsourcing for outsourcing arrangements involving a MAS-regulated entity. The extent and degree to which an institution implements the risk management … WebNov 12, 2024 · BaFin has set out a new electronic procedure for the notification of outsourcing arrangements, which will come into effect on 1 January 2024. 12 November … corporation\u0027s kb
Outsourcing in Singapore: A Complete Guide - MediaOne
http://mehta-mehtaadvisory.com/2024/04/10/rbi-update-master-direction-on-outsourcing-of-information-technology-services/ Webclients for subcontracting ongoing material outsourcing since this not market practice or in-line with other regulators. We propose to allow one-way notification to customers to obtain deemed consent of disclosure of customer information. • For outsourcing to overseas regulated entities involving the disclosure of customer Web13.1 Sub-outsourcing of critical or important functions. 45 . 13.2 Security of data and systems. 46 . 13.3 Access, information and audit rights. 47 . 13.4 Termination rights. 50 . 14 Oversight of outsourced functions. 50 . 15 Exit strategies. 51 . Title V – Guidelines on outsourcing addressed to competent authorities. 53 . 5. Accompanying ... corporation\\u0027s k9