CAPI 4.1.4 Outsourcing agreement must be in writing etc

(1) An outsourcing agreement to which this part applies must be in writing.
(2) An outsourcing agreement must include—
(a) a description of the activity and functions being outsourced; and
(b) provisions giving the Regulatory Authority, the firm and the firm's internal auditors, external auditors or actuaries access to books, records and data belonging to the firm that may be in the possession or control of the captive insurance manager; and
(c) the obligation for parties to protect confidential information and personal data; and
(d) the termination rights of each party.
(3) A firm must give the Regulatory Authority a copy of an outsourcing agreement within 5 business days after the day the agreement is signed by the parties.

Note Business day is defined in the glossary.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)