Regulatory Alerts2022-05-11
Feedback Statement on Outsourcing Exposure Draft BS11
The Reserve Bank of New Zealand issued this feedback statement summarizing stakeholder responses to the March 2017 exposure draft of the revised outsourcing policy BS11. The document details accepted changes, including clarifications on policy application, the definition of subsidiaries, and the introduction of specific application forms for outsourcing arrangements. The revised policy, which becomes effective on 1 October 2017, incorporates these technical adjustments to ensure clarity and consistency with the final policy decisions published in February 2017.
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