COLL 8.5.7 Application of pt 8.5 to Further Outsourcing—All QFC Schemes

(1) This part applies to the further outsourcing, whether or not by the third party service provider, of a function outsourced to the third party service provider under this part as if—
(a) the further outsourcing of the function were an outsourcing of the function; and
(b) all necessary changes were made.
(2) To remove any doubt, this rule is subject to rule 8.5.5 (3) (r) (Provisions applying to outsourcing by operator and independent entity—all QFC schemes).
Derived from QFCRA RM/2010-05 (as from 1st January 2011)