GEN 5.3.22 Guidance
Authorised Person's outsourcing arrangements should include consideration of:
a. applicable guiding principles for outsourcing in financial services issued by the
Joint Forum; or
b. any equivalent principles or regulations the
Authorised Person is subject to in its home country jurisdiction.
2. An outsourcing arrangement would be considered to be material if it is a service of such importance that weakness or failure of that service would cast serious doubt on the
Authorised Person's continuing ability to remain fit and proper or to comply with DFSA administered Laws and Rules.
Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]