+49. The outsourcing of functions cannot result in the delegation of the management body’s …
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49. The outsourcing of functions cannot result in the delegation of the management body’s …
The outsourcing of functions cannot result in the delegation of the management body’s responsibilities. An issuer of ARTs remains fully responsible and accountable for all outsourced services and activities and management decisions arising from them. Accordingly, the outsourcing policy should make it clear that outsourcing does not relieve the issuer of ARTs of its legal and regulatory obligations.
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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