IOSCO is consulting on draft Principles for Outsourcing by Markets. The principles complement the outsourcing principles for market intermediaries and cover:
- due diligence in service provider selection and performance monitoring;
- the contract with a service provider;
- business continuity at the outsourcing provider;
- security and confidentiality of information;
- termination procedures; and
- regulators' and markets' access to books and records, including rights of inspection.
It asks for comments by 20 May 2009.