GUIDELINES ON OUTSOURCING - Monetary …
Monetary Authority of Singapore GUIDELINES ON. OUTSOURCING . 27 JUL 2016. Table of Contents 1 INTRODUCTION ........................................ ........................................ .............................. 1. 2 APPLICATION OF GUIDELINES ........................................ ...................................... 1. 3 DEFINITIONS ........................................ ........................................ ...................... 3. 4 ENGAGEMENT WITH MAS ON OUTSOURCING ........................................ ............... 8. Observance of the GUIDELINES ........................................ ........................................ .................... 8. Notification of Adverse Developments ........................................ ........................................ ...... 9. 5 RISK MANAGEMENT 9. Overview ........................................ ........................................ ........................................ ............ 9. Responsibility of the Board and Senior Management.
GUIDELINES ON OUTSOURCING 5 (f) in relation to an insurance intermediary, means a person (whether a natural person, legal person or a legal arrangement) with whom the insurance
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