Guidance on the JFSC 1 JAN 2024 revised outsourcing policy.
- Following a six-month transitional period, the JFSC revised its outsourcing policy (Revised OSP), effective January 1st, 2024.
- The revised Outsourcing Notification and new Material Change to Outsourcing Notification can now be found in a Word version under Appendix A of the final Revised OSP.
- There will be no notification in myJFSC before 1 January 2024.
- Throughout December, all outsourcing notifications under the current outsourcing policy and guidance notes should continue to be made through myJFSC using the existing functionality.
- The JFSC has also provided a slide deck on the Revised OSP
- The slide deck provides detail on:-
What is ‘Outsourcing’ and the 7 Core Principles under the Revised OSP
Outsourced Activity that is newly caught under the Revised OSP
Outsourced Activity that is newly exempt under the Revised OSP
Other key changes
The revised Outsourcing Notification and the new Material Change to Outsourcing Notification
- In amending the Revised OSP to include the revised Outsourcing Notification and the new Material Change to Outsourcing Notification under Appendix A, the JFSC took the opportunity to make some other clarifications and enhancements to the document. You can see exactly what has been changed in this version of the Revised OSP with tracked changes.
- The JFSC will also be hosting a demonstration of the functionality of the revised Outsourcing Notification and new Material Change to Outsourcing Notification.
- This will occur on Friday, 8 December, at 10 am.
- If you wish to attend, please email your details to email@example.com.
- Should you have any questions on the Revised OSP,
- Please send them to firstname.lastname@example.org.
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