An investment firm licensee must seek prior approval from the CBB for the following:
(a) Outsourcing of their internal audit function (ref. HC-2.3.3 and RM-7.4)
(b) Material intra-group outsourcing (ref. RM-7.3.3); or
(c) Outsourcing other material functions (RM-7.1).
Adopted: October 2009
