ComplianceOnline

APRA Prudential Standard APS 231 – Outsourcing

  • Date: June 28, 2013
  • Source: APRA
Abstract:

This APRA Prudential standard requires regulated institutions to carry out appropriate due diligence and monitoring of their outsourcing arrangements. The standard requires that regulated institutions have a board-approved policy, legally binding agreements and managing processes for outsourcing of material businesses. It also calls for consulting and notifying the APRA before regulated institutions enters into these outsourcing arrangements.

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