Banking Act (Cap. 371), article 19A

19A. (1) Where a credit institution intends to outsource its material services or activities, it shall first inform the comp etent authority accordingly. (2) The competent authority may issue a Banking Rule laying down what constitutes material services or activities, the requ irements for the information to be submitted regarding the outsourcing s ervice provider and the provision of such outsourced services. Access to accounts maintained with a credit institution. Added by: XXVI.2019.9.