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  • Programme of Operations

    • AU-4.7.2

      The programme of operations to be provided by the applicant must contain the following information:

      (a) a description of the services that are intended to be provided, including an explanation of how the applicant determined that the activity fits the definition of regulated ancillary services;
      (b) a declaration of the applicant that they will not enter at any time into possession of client funds;
      (c) a description of the service including:
      (i) draft contracts between all the parties involved, if applicable;
      (ii) terms and conditions of the provision of the services;
      (iii) processing times;
      (d) the estimated number of different premises from which the applicant intends to provide the services, if applicable;
      (e) a description of the proposed ancillary services;
      (f) a declaration of whether or not the applicant intends to provide services in another country once licensed;
      (g) a description of the relevant operational outsourcing arrangements consisting of:
      (i) the identity and geographical location of the outsourcing provider;
      (ii) the identities of the persons within the ancillary services provider that are responsible for each of the outsourced activities;
      (iii) a detailed description of the outsourced activities and its main characteristics; and
      (h) a copy of draft outsourcing agreements.
      Added: December 2018