Outsourcing: FCA Regulated MiFID Firms
Description
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.
Learning Objectives
Learners will attain a broad understanding of the outsourcing requirements for financial services firms and cover the following subjects in the two part module:
Part 1
1.Introduction
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
Knowledge Check
Part 2
1. EBA Outsourcing Guidelines
2. Outsourcing to the Cloud
3. FCA Enforcement Actions
4. Recommendations
Assessment
Timing
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.