OpenLegislation

Division 6 OUTSOURCING

United Kingdom

Original text. Later amendments are not shown.

Where any activity forming a part of the process for the provision of a benchmark or family of benchmarks is outsourced:

  1. (a)

    the outsourcing arrangements, including service-level agreements, which demonstrate compliance with Article 10 of the Regulation (EU) 2016/1011 or the corresponding IOSCO Principles for financial benchmarks or for PRAs, as applicable;

  2. (b)

    details of the outsourced functions, unless this information is already included in the relevant contracts;

  3. (c)

    policies and procedures regarding the oversight of the outsourced activities unless this information is already included in the relevant contracts.