Material Outsourcing

material outsourcing, for an authorised firm, means the outsourcing of a function of such importance that weakness or failure in the exercise of the function would cast serious doubt on—
(a) the firm's ability to comply with—
(i) any Regulations, Rules or Principles; or
(ii) any condition, restriction or requirement of its authorisation; or
(b) its financial performance or position; or
(c) its ability to continue its operations.
Amended by QFCRA RM/2010-07 (as from 1st January 2011)