HC-2.3.3

Past version: Effective from 01 Jul 2007 to 31 Dec 2010
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Where investment firm licensees outsource part or all of their internal audit function, the outsourcing arrangements must provide for an adequate level of scrutiny of the licensee, and must comply with the requirements contained in Chapter RM-7. A licensee cannot outsource its internal audit function to its external auditors.

Adopted: July 2007