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OSFI Restates Guideline B-10 on Outsourcing by Borden Ladner Gervais LLP - Toronto Office
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October 12, 2009
Previously published on March 2009
After various rounds of consultations with the industry during the fall and early winter, the Office of Superintendent of Financial Institutions (OSFI) issued a revised and final Guideline B-10 Outsourcing of Business Activities, Functions, and Processes (the "Guideline") on March 11, 2009. There is no transition period for implementation of the Guideline. The Guideline replaces the previous Guideline B-10 ("Previous Guideline"), which had been in place since 2003.
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