COLL 8.5.8 Systems and Controls for Outsourcings—All QFC Schemes

If the operator or independent entity of a QFC scheme outsources a function in relation to the scheme under this part, the operator or independent entity must ensure that, as part of its risk management framework, it implements and maintains systems and controls to monitor the exercise of the outsourced function.

Note Function and exercise are defined in the glossary.

Derived from QFCRA RM/2010-05 (as from 1st January 2011)