FCA has published a guidance consultation on its requirements on firms who outsource to the cloud and other third party IT services. The guidance includes:
- clarification of FCA’s interpretation of what it means by the cloud;
- the risks it sees in outsourcing to the cloud that differ from traditional outsourcing arrangements;
- the impact of potential EU developments; and
- a table of areas firms should consider.
FCA asks for comment by 12 February 2016. (Source: FCA Consults on Cloud Outsourcing Guidance)