Guidelines for financial institutions on risk management of outsourcing arrangements.
Notice 634 Banking Secrecy – Conditions for Outsourcing
Requirements for banks on protecting the confidentiality of customer information in all outsourcing arrangements.
This notice applies to all 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.
- 25 May 2004
- MAS Notice 634 (Amendment) 2004 takes effect.
- 19 Feb 2003
- MAS Notice 634 dated 19 February 2003 takes effect.