A clear, practical Outsourcing Policy for credit broking firms. This policy sets out how a credit broking firm manages and oversees outsourced activities. The standards set in the policy meet the requirements set out by the Financial Conduct Authority (FCA). Having a clear policy is a way of ensuring staff awareness and compliance for your business.
What’s Included
- Defined roles and responsibilities for staff, compliance, and senior management
- Principles of outsourcing
- Oversight and monitoring
- Staff training and awareness requirements
- Escalation, recordkeeping, and disciplinary provisions
Why You Need an Outsourcing Policy for Credit Broking
When you outsource activities to third parties you must do so with clear oversight, controls and conduct regular due diligence. This policy enables firms to demonstrate how it manages any oversees outsourced activities ensuring alignment with best practice and UK regulatory standards.
Who is it for?
Perfect for credit-broking firms and businesses introducing customers to finance providers.
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