NYSE Members Should Prepare For Outsourcing Rules

Law360 (March 21, 2008, 12:00 AM EDT) -- Outsourcing, the practice of turning over responsibility for portions of an organization’s processes or functions to an outside firm, is widespread among members and member organizations of the New York Stock Exchange.

Because many of these outsourcing arrangements are not regulated, and there is no supervisory standard governing many of these arrangements, the NYSE has proposed new rules to regulate outsourcing.

In anticipation of passage of these rules, NYSE members considering prospective outsourcing arrangements should attempt to structure these arrangements in compliance with the proposed rules....
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