IIROC requests comments on outsourcing guidelines

IIROC has requested comments on draft guidance with respect to outsourcing arrangements.

The draft guidance first summarizes the existing requirements and guidance related to entering into and maintaining outsourcing arrangements.

Read: The pros and cons of outsourcing

It also identifies the dealer member those that may be outsourced, as well as sets out IIROC’s expectations as to the appropriate due diligence procedures that must be undertaken by members before outsourcing any business activity.

All dealer members and other interested parties are requested to provide comments in writing by January 20, 2013.

Read more on the draft guidance, and on the upcoming proposed rules related to outsourcing projects and business.

Read: Outsourcing key services and 3 strategies of great delegators

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