Regulatory Alerts2022-03-08 | 29716Added · Updated
Guideline for the Management of Outsourcing Risks
The Central Bank of Trinidad and Tobago issues the final Guideline for the Management of Outsourcing Risks, establishing minimum standards for regulated institutions regarding the outsourcing of material activities. Licensees and registrants must review existing material outsourcing contracts for compliance and notify the Inspector using Appendix 2 within six months. If compliance cannot be achieved within this timeframe, entities must provide a plan of action to manage associated risks.
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