A licensee must seek prior approval from the CBB for the following:
  (a) Outsourcing of their internal audit function (ref. OM-2.7);
 
  (b) Intra-group outsourcing (ref. OM-2.8.3); or
 
  (c) Outsourcing other core functions (OM-2.3).
 
  Amended: January 2016
  January 2013