Provides clarifications to some frequently asked questions on MAS’ Notices on Management of Outsourced Relevant services for Banks (MAS Notice 658) and Merchant Banks (MAS Notice 1121).

Guidelines on risk management practices pertaining to the management of outsourced relevant services for banks and merchant banks.

This consultation paper seeks feedback on a proposed Notice to Banks on Management of Outsourced Relevant Services. MAS also intends to mirror requirements of this notice for Merchant Banks in a Notice to Merchant Banks on Management of Outsourced Relevant Services.

Consultation number:

P011-2020

Start date:

18 December 2020

Closing date:

29 January 2021

MAS response date:

11 December 2023