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9.6 Business Continuity

N 35/2018 STA
  1. 9.6.1The Licensed Person must ensure that the Service Provider maintains and tests a plan to ensure the continuity of outsourced functions with a minimum disruption to the business in the event of unforeseen incidents;
  2. 9.6.2The Licensed Person must maintain and regularly review a contingency plan to enable it to set-up alternative arrangements, with minimum disruption to the business, should the outsourcing contract suddenly be terminated or the Service Provider fails;
  3. 9.6.3Such contingency plans must include various options, such as:
    1. a)the identification of alternative Service Providers;
    2. b)plans to in-source the outsourced functions; and
    3. c)any other practical interim arrangements.