This reflects current regulatory guidelines on outsourcing oversight requiring firms to adopt a risk-based approach for the appropriate monitoring and management of outsourcing arrangements, with the focus on the outsourcing of critical or important business functions.
By March 2025, UK regulators expect firms to make the necessary investments to enable them to operate consistently within their impact tolerances for each important business service.
Download this regulatory insight to learn how Milestone Group’s pControl™ Oversight solution can help your firm:
- Automate your entire NAV oversight process and ongoing monitoring of the outsourced fund accounting function
- Calculate an independent contingent NAV in the event of an outsourced service provider outage
- Gain key SLA and KPI-driven data insights
- Demonstrate global best practice to fund boards, clients and regulators