COLL 8.5.4 Outsourcing Notice and Information—All QFC Schemes

(1) The operator or independent entity of a QFC scheme must give the Regulatory Authority reasonable notice of its intention to outsource a function under this part.
(2) The notice must be given at least 10 business days before the day the operator or independent entity outsources the function.

Note Business day is defined in the glossary.
(3) The operator or independent entity must give the Regulatory Authority any information about the proposed outsourcing that the authority reasonably needs.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)