FFIEC IT Examination Handbook
Development, Acquisition, and Maintenance booklet (August 2024) – FFIEC IT Examination Handbook

FFIEC IT Examination Handbook DAM-IV.C.1(b): IV.C.1(b) Proprietary Software Licenses (Development, Acquisition, and Maintenance)

What does DAM-IV.C.1(b) require?

Under proprietary licences the publisher retains ownership and the entity and its users use the software only as the licence and end user licence agreement allow, so management understands the provisions on ownership, permitted use and usage rights, number of users, included support, maintenance and upgrades, warranty, installation location and frequency, copying, modification and distribution, copyright, termination, performance guarantees, penalties for noncompliance and term.

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