Outsourcing: FCA Regulated MiFID Firms
This module covers the regulatory framework that MIFID firms need to consider when outsourcing activities intra-group or to third party service providers. Outsourcing has been a key supervisory target of regulators.
Learners will attain a broad understanding of the outsourcing requirements for financial services firms and cover the following subjects in the two part module:
a) What is Outsourcing?
b) Regulatory Focus & Framework.
c) What activities should not be considered Outsourcing.
2. Critical and Important Operational Functions
3. FCA Approach
1. EBA Outsourcing Guidelines
2. Outsourcing to the Cloud
3. FCA Enforcement Actions
The duration of this 2 part module is approximately 30 minutes. The first part is followed by a knowledge check for which we have allocated 2 minutes to complete. We have allocated up to 10 minutes for the assessment that follows the completed module.