In this episode of The Riffle, we examine the Financial Services Regulatory Authority’s thematic review on outsourcing and its implications for Authorised Persons operating in the ADGM.

The discussion explores the FSRA’s expectations on identifying outsourcing arrangements, distinguishing material and non-material outsourcing, and maintaining effective governance, due diligence, and ongoing oversight over third-party service providers.

We also consider operational resilience, contingency planning, record-keeping, and heightened supervisory scrutiny on outsourced Approved Persons, including Compliance Officers and MLROs.

A concise overview for boards, senior management, compliance and legal teams, risk functions, and ADGM firms seeking to align their outsourcing frameworks with FSRA regulatory expectations.

🎙️ Presented by 10 Leaves