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DA-1.1.4

Licensees providing digital financial advice must ensure that their overall control framework and the algorithm functionality is evaluated and independently tested by an independent external consultant other than the external auditor:

a) initially upon implementation of this Module and prior to launching the digital financial advice to clients;
b) when there are any material changes to the systems and controls; and
c) at least once every 3 years.
Added: April 2019