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OM-2.7.3

A licensee must seek the CBB's prior written approval at least 6 weeks before committing to a material intra-group outsourcing. The request for approval must be made in writing to the licensee's normal supervisory point of contact, and must set out a summary of the proposed outsourcing, its rationale, and an analysis of its associated risks and proposed mitigating controls. The CBB will respond to the request for approval in the same manner and timescale as set in Section OM-2.3 above.

Added: January 2020