Posts tagged Vendor Management.
On August 13, 2021, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 21-29, collecting guidance on outsourcing and vendor management. The Notice was prompted by increased reliance on outsourcing (especially during COVID), some enforcement actions involving vendor-management issues, and similar proposed inter-agency guidance by banking regulators.
The Notice reminds firms that while they can outsource task or functions, they cannot outsource-away their regulatory compliance obligations. In turn, that means the outsourcing process ...
Posted in: FINRA
Tags: finra, Vendor Management