UAE Virtual Asset Regulatory Authority (VARA) Regulations
Company Rulebook – UAE Virtual Asset Regulatory Authority (VARA) Regulations

UAE Virtual Asset Regulatory Authority (VARA) Regulations CO-IV.E: Company Rulebook IV.E: Sub-outsourcing

What does CO-IV.E require?

Consider sub-outsourcing risk before contracting; allow it only where the subcontractor accepts the same legal duties and access and audit rights, and ensure it does not impair confidentiality, access, audit or continuity; for material outsourcing the agreement must say whether sub-outsourcing is allowed, which activities are excluded, the conditions, the provider's oversight duty, advance notice of changes, the firm's right to object and termination for undue sub-outsourcing.

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