CTRL 8.2.4 Regulatory Authority to be notified of certain matters

(1) An authorised firm must not enter into a material outsourcing arrangement unless it gives the Regulatory Authority at least 30 business days’ prior written notice of its intention to enter into the arrangement.
(2) If the arrangement permits subcontracting to a third party, the firm must give the Authority notice of that fact.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)