of January 8, 2020 No. 1
About risk management when outsourcing
Based on the paragraph of third of part six of Article 34, No. 261 "About creation of the open joint stock company "Development Bank of the Republic of Belarus" Board of National Bank of the Republic of Belarus DECIDES: parts one of article 39 of the Bank code of the Republic of Belarus, part three of subitem 1.1 of Item 1 of the Presidential decree of the Republic of Belarus of June 21, 2011
1. Approve the Instruction about risk management when outsourcing it (is applied).
2. This resolution becomes effective since April 1, 2020.
Chairman of the board
P.V.Kallaur
Approved by the Resolution of Board of National Bank of the Republic of Belarus of January 8, 2020 No. 1
1. This Instruction establishes requirements to the organization by bank, "Development Bank of the Republic of Belarus" open joint stock company, non-bank credit and financial organization (further, unless otherwise specified, - bank) risk managements when outsourcing.
2. For the purposes of this Instruction outsourcing is understood as transfer of third party by bank or to the individual entrepreneur (further - the outsourcing organization) for accomplishment completely or partially separate functions, business processes, types of activity constituting them works and services (further - functions) in case of simultaneous observance of the following conditions:
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