Regulatory Alerts2022-05-17
Minter Ellison Rudd Watts Response to Reserve Bank Outsourcing Exposure Draft
Minter Ellison Rudd Watts submits detailed comments on the Reserve Bank's outsourcing exposure draft to align regulatory text with Final Policy Decisions. The firm proposes specific amendments to definitions of outsourcing and related parties, while advocating for the removal of redundant terms and the correction of cross-references throughout the document. Key recommendations include adjusting timelines for stand-alone entity outcomes, modifying reporting requirements for impediments, and reclassifying certain licensed software to the white list.
Share