Outsourcing

Deepening your understanding of complex areas of regulation and  best practice standards

Outsourcing is a common way of gaining access to services, technology or efficiency gains. Outsourcing can range from making arrangements with new third party provider through centralising activities internally within the organisation either within or outside the UK.

 

The PRA and FCA expects firms that outsource certain activities to do so with management oversight and control as underpinned by Principle 3 of the Principles for Businesses.

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The first ever enforcement action taken by the PRA was for Outsourcing and it has gained increasing regulatory attention ever since.

 

Below are details of the suggested curriculum for our more popular courses on Outsourcing. To obtain prices and availability please complete our speaker request form.

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Suggested Course Content

Introduction to Outsourcing

This course is for those who are relatively new to regulation, or whose business has changed such that they are considering outsourcing for the first time, as well as those who need a refresher.

60 minutes

This training usually covers:

  • Introduction to outsourcing more generally

  • The need for regulation around outsourcing

  • What is in or out of scope of the rules

  • Meeting the regulatory requirements

  • When and why you may need to tell the regulators about your plans

Managing Outsourcing

This course is aimed that those who need to establish a framework for managing outsourcing for the first time, or need to refresh their current framework

60 minutes

This training usually covers:

  • Refresher about the outsourcing rules

  • What you must have in place

  • Choice of case studies covering hot topics relevant to your business

  • Top tips and practical steps towards compliance and best practice

  • Roles and responsibilities

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