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GR-11.1.4

Past version: Effective from 01 Dec 2018 to 30 Jun 2022
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Ancillary service providers must seek the CBB's prior written approval before committing to a new material outsourcing arrangement and/or when the terms or conditions of the outsourcing arrangement are altered.

The prior approval request must:

(a) Be made in writing to the licensee's normal supervisory contact;
(b) Contain sufficient detail to demonstrate that relevant risks are satisfactorily addressed; and
(c) Be made at least 6 weeks before the licensee intends to commit to the arrangement.
Added: December 2018