Regulatory Alerts2024-10-11
Gen S 10.10 Outsourcing Standard Final 2024
The Financial Conduct Authority issued the Gen S 10.10 Outsourcing Standard Final 2024 to establish comprehensive governance and risk management requirements for financial firms managing outsourced activities. The standard mandates that regulated entities implement robust outsourcing frameworks, conduct thorough impact assessments, and maintain clear regulatory oversight across all critical service providers. It further requires firms to notify the regulator of significant outsourcing arrangements and ensures that contractual agreements align with regulatory expectations and operational resilience goals.
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