Course description
In recent years, UK and EU regulators have upped their game in terms of the extent and degree of precision of their requirements in relation to outsourcing and technology contracts, especially those which can be considered to be for ‘material’ or ‘critical and important’ services.
Presented by Kit Burden, this session will look at the key financial services regulations impacting upon contract formation, as well as how to determine which of them are relevant to different technology transactions.
Kit will also explore the main contract provisions that are mandated by the regulations, what latitude exists to make contractual amendments, and how service providers are reacting to the new sets of requirements.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
In the last few years, both UK and EU regulators have upped their game in terms of the extent and degree of precision of their requirements in relation to outsourcing and technology contracts, and especially those which can be considered to be for ‘material’ and/or ‘critical and important’ services.
Whilst some of these requirements are directed at the activities and governance arrangements of the regulated entities themselves, there is now a relative deluge of specific requirements as to the contractual terms that must be included in any agreements for such services, including a number of requirements which can be challenging to negotiate in practice.
This session will accordingly look to summarise the key regulatory requirements, by reference in particular to:
- The EBA Outsourcing Guidelines
- The Digital Operational Resilience Act (DORA)
- The PRA Supervisory Statement on Outsourcing and Third Party Risk Management
- The PRA Supervisory Statement on Operational Resilience
Attendees of the session can accordingly expect to gain a fuller understanding of the nature and extent of the specific contractual requirements which will need to be reflected in the agreements which fall within the scope of such regulatory regimes, as well as the potential scope for interpretation and flexibility as to how they are implemented during negotiations.
What You Will Learn
This course will cover the following:
- What are the key financial services regulations impacting upon contract formation?
- How do you determine which of them are relevant to what kinds of technology transaction?
- What are the main contract provisions that are mandated by the regulations?
- What latitude exists to make contractual amendments?
- How are service providers reacting to the new sets of requirements?
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...