OM-3.2.5

Past version: Effective from 01 Oct 2007 to 31 Dec 2010
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Fundamental to the Central Bank's supervisory approach to outsourcing is that the Board and management of the licensee may not abdicate their responsibility for a licensee's business and the way its customers are treated. The Board and management remain ultimately responsible for the effectiveness of systems and controls in outsourced activities.

October 07