Regulations Governing Internal Operating Systems and Procedures for the Outsourcing of Financial Institution Operation Article 22

The competent authority and the Central Bank may access relevant data or reports and conduct related financial examinations on the outsourced operations of a financial institution.Where a service provider violates these Regulations or other laws and regulations, the competent authority may, depending on the severity of the case, instruct the outsourcing financial institution to terminate the outsourcing arrangement pursuant to the outsourcing agreement, request the service provider to make improvement within a given period of time, or suspend the outsourcing arrangement until improvement made by the service provider is confirmed.