Licensed entities may delegate functions to third parties but in doing so must be able to justify the delegation structure, select their delegates with due care and demonstrate that the delegate is qualified and capable of undertaking the functions in question. In this respect, the licensed entity must ensure that the delegate applies sufficient resources to perform the respective tasks and is of sufficiently good repute and experience to be able to do. In addition, since the delegation of a function does not amount to a delegation of ultimate responsibility of the licensed entity, the licensed entity must also create a framework that provides for effective day-to-day monitoring of the delegated function.
Join our Investments Team & Banking Team as they discuss the legal & regulatory obligations relating to outsourcing, the practical implications, common pitfalls and risks attached to such arrangements.
Moderator
Stephanie
Farrugia, Senior Associate
Participants
Mark
Caruana Scicluna, Senior Associate
Sarah
Louise Azzopardi, Associate
Natalia
Hernandez, Partner
Registration
Participation is free of charge upon registration.