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E. Related Regulations and "No Objections" Requirements
No: 41027017
Date(g): 15/12/2019 | Date(h): 18/4/1441
Status: In-Force
8.
While deciding to outsource any function, banks should ensure that outsourcing does not reduce the protection available to depositors nor be used as a way of avoiding compliance with regulatory requirements. It is the responsibility of the bank to continue to satisfy all regulatory and legal requirements when entering into any outsourcing arrangements.
