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Article 9: Reporting Requirements

C 14/2021 Effective from 31/5/2021
  1. 9.1 Banks must regularly report to the Central Bank on their Outsourcing arrangements in the format and frequency prescribed by the Central Bank.
     
  2. 9.2 Banks must provide upon request any specific information with respect to Outsourcing arrangements that the Central Bank may require.
     
  3. 9.3 Banks must provide the Central Bank with their Outsourcing register as required under Article 4 of this regulation upon the Central Bank’s request.
     
  4. 9.4 Banks must immediately notify the Central Bank when they become aware of a material breach of the terms of an Outsourcing agreement, or other development with respect to an outsourced Material Business Activity, that has, or is likely to have, a significant impact on the Bank’s operations, reputation or financial condition.