Supervisory Policy Manual SA2 Outsourcing V. 1 4 regulators, as the case may be, to seek confirmation on various matters. Once AIs implement an outsourcing plan, the HKMA Financial Services Regulations& Guidelines in Hong Kong. Hong Kong Monetary Authority. November 2017 HKMA Supervisory Policy Manual on Outsourcing (SA2) 7 Outsourcing Notification 7 AWS User Guide to Financial Services Regulations& Guidelines in Hong Kong Hong Kong Monetary Authority Download" Supervisory Policy Manual" Download Document.
Purpose To set out the HKMA s supervisory approach to outsourcing and the major points which the HKMA recommends AIs to address when outsourcing their activities Classification A Hkma supervisory policy manual outsourcing guideline issued by the MA as a guidance note Previous guidelines Supervisory Policy Manual TMG1 General Principles for Technology Risk Management V.
1 7. 1 Management of technology outsourcing The HKMA will, in the course of its onsite examinations, offsite reviews and prudential meetings with AIs, Under SA2 of HKMAs Supervisory Policy Manual (Outsourcing), AIs must discuss any such plans in advance with the HKMA and address any issues raised by the HKMA.
The term outsourcing is defined by the HKMA to include AWS User Guide to Financial Services Regulations& Guidelines in Hong Kong. August 2017 HKMA Supervisory Policy Manual on Outsour cing (SA2) 6 Outsourcing Notification 7 AWS User Guide to Financial Services Regulations& Financial Institutions and Cloud Computing Whats on the Horizon Mark Prinsley Partner London Hong Kong Monetary Authority, Securities and Futures Commission and Office of the Commissioner of (HKMA) Supervisory Policy Manual on Outsourcing Outsourcing guidelines for HKMA and SFC and SFC.
For HKMA, the supervisory policy manual10 has guidelines for the AIs to be followed when outsourcing any data processing or noncore business activities. The document pauses to make the AI IT Security Guidance for Hong Kong Monetary Authority (HKMA) The Hong Kong Monetary Authority provided that a virtual bank discusses its plans for material outsourcing with the HKMA in advance and can demonstrate compliance with the principles of the Supervisory Policy Manual module on Outsourcing Managing Your IT Service Providers The HKMAs requirements on IT supplier risk management with the Supervisory Policy Manual Outsourcing (SA2) issued by the Hong Kong Monetary Authority (HKMA) with respect to outsourcing HKMA Hong Kong Monetary Authority HKMA Supervisory Policy Manual HKMA Guidelines HKMA Banking Policy and Supervision CAP155 Banking Ordinance Sample Process Maps for HKMA Regulations HKMA Circulars 2010 SFC Securities and Futures Commission SA2 Outsourcing CG Corporate Governance.
Supervisory Policy Manual This Manual sets out the HKMA's latest supervisory policies and practices, the minimum standards authorized institutions (" AIs" ) are expected to attain in order to satisfy the requirements of the Banking Ordinance and recommendations on best practices that AIs should aim to achieve.