2021-11-11

Outsourcing (GEN.S.10.10)

The regulator issued this rule to establish comprehensive requirements for firms outsourcing critical functions and services. It mandates that authorized entities maintain clear governance frameworks, conduct rigorous due diligence on service providers, and implement robust risk management and monitoring processes. The guidance further clarifies reporting obligations and regulatory access rights to ensure ongoing compliance and operational resilience.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date November 11, 2021

Last Updated October 22, 2024

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