CTRL 8.2.5 Additional information about material outsourcing arrangements

(1) The Regulatory Authority may, by written notice to an authorised firm, require the firm to give the Authority, within a stated reasonable period, information about a material outsourcing arrangement (or proposed material outsourcing arrangement) that the Authority reasonably needs to enable it to decide whether the arrangement complies with this Chapter.
(2) The power given by this rule is additional to the Authority’s other powers.
Note See for example FSR, article 48 (Powers to obtain documents and information).

 

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