Guidelines for financial institutions on risk management of outsourcing arrangements.
Last Revised Date: 28 June 2021
Notice 1108 Banking Secrecy – Conditions for Outsourcing
Requirements for merchant banks on protecting the confidentiality of customer information in all outsourcing arrangements.
This notice applies to all merchant banks. It sets out the conditions for outsourcing operational functions when such functions involve disclosure of customer information, and which will be performed outside Singapore.