Jurisdiction(s):
United Kingdom
Related legal acts
Key definition
Outsourcing definition

What does Outsourcing mean? Outsourcing is the engagement of a third-party supplier to perform functions or services that would otherwise be carried out in-house, with the instructing organisation (including law firms and in-house legal teams) retaining responsibility for the outcome, client care and regulatory compliance. The term is descriptive rather than a single statutory concept, although sectoral rules define it for specific purposes (for example, FCA/PRA and Central Bank of Ireland rules on material outsourcing; SRA Standards and Regulations and law society rules on supervision, confidentiality and client notification). Typical features include an outsourcing agreement or master services agreement setting service levels, governance, audit...

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FCA/PRA-compliant outsourcing clauses for UK insurers: sub-outsourcing, regulatory access and audit, business continuity and disaster recovery, termination, information and third-party rights

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Precedents
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These provisions are intended for use with Precedent: outsourcing agreementlong form when applied to the outsourcing of services by a regulated insurance firm. Please consult the drafting notes for specific instructions and for further guidance.

1 Definitions

1.1 In this Agreement, except where the context dictates otherwise, capitalised terms shall bear the meanings as set out below...

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Gary Parnell
Gary Parnell

With over 30 years’ experience in business and law, including at leading city/insurance law firms, Gary advises clients on a wide range of commercial, insurance, technology and data protection matters. He provides specialist advice on insurance distribution and administration arrangements, including delegated authority agreements, TOBAs, affinity partnership projects and appointed representatives, as well as on material outsourcings, IT projects (including insurtech arrangements), complex data protection structures and broker/renewal rights asset purchases. In addition, Gary has previously undertaken high-profile secondments at a number of large (re)insurers. ...

Angelica Lovell
Angelica Lovell

Angelica advises clients on a range of commercial and technology matters ranging from IT agreements (including software licensing, SaaS, IT support services and services / products utilising AI), wider commercial contracts, regulatory advice (including tech legislation), advertising / promotions, e-commerce and consumer law, insurance distribution matters and data protection. She works across a range of sectors including retail and financial services sector with significant experience of advising on material outsourcing rules compliance.Angelica is a highly capable lawyer who combines technical excellence with commerciality to deliver results for clients. She works collaboratively with IT, compliance and finance personnel, in-house legal counsel and business leaders to navigate them through legal and commercial issues with a view to mitigating risks and optimising their commercial interests. ...

Web page updated on 22/05/2026

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