OM-3.8.3

Past version: Effective from 01 Jan 2011 to 30 Sep 2017
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A licensee must formally notify the CBB at least 6 weeks before committing to a material intragroup outsourcing. The request must be made in writing to the licensee's normal supervisory contact, and must set out a summary of the proposed outsourcing, its rationale, and an analysis of its associated risks and proposed mitigating controls. The CBB will respond to the notification in the same manner and timescale as set in Section OM-3.3 above.

Amended: January 2011
October 2007