(a) Comprehensive policy to guide the assessment of whether and how these functions or activities can be appropriately outsourced;

(b) The Board shall have the responsibility for the outsourcing policy and related overall responsibility for activities undertaken under that policy;

(c) The licensed exchange or the licensed market operator retains the ultimate responsibility for the functions or activities that are outsourced;

(d) The licensed exchange or the licensed market operator must notify the CBB and seek its approval before committing to an outsourcing arrangement;

(e) The licensed exchange or the licensed market operator must maintain and regularly review contingency plans to enable them to set-up alternative arrangements should the outsourcing provider fail;

(f) The exchange must nominate a member of senior management with day-to-day responsibility for handling the relationship with the outsourcing provider and ensuring that relevant risks are addressed;

(g) All the outsourcing contract must be legally enforceable;

(h) A notice period of at least three months shall be required from the outsourcing party to terminate the contract; and

(i) On termination all data pertaining to the licensed exchange or the licensed market operator shall be returned by the outsource provider to the licensed exchange or the licensed market operator.