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PS140: The Interim Prudential sourcebooks for Insurers and Friendly Societies and the Lloyd’s sourcebook: Guidance on Systems and controls – Feedback on CP140 and ‘made’ text

Policy statement 140 from the FSA sets out guidance on •high-level controls; • risk assessment; • legal risk; • internal audit; • management information; • outsourcing; and • group risk. This guidance was issued in December 2002 and is available at It takes effect from 1st February 2003.