Cloud Computing Regulation
Regulating the Use of Cloud Computing by QCB-Licensed Entities
Part A - General Provisions
Article 1 - Short Title and Commencement
The instructions set forth herein are titled the Cloud Computing Regulation and will enter into force as of 15 /04 /2024.
Article 2 - Definitions
For the purpose of this regulation, the following terms are defined as follows, unless the context otherwise suggests.
S. No. | Term | Explanation |
1 | Cloud Computing | A model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. |
2 | Cloud Computing Arrangement | Any arrangement with a CSP to outsource Cloud Computing (inclusive of Primary Sub-Contractors) or an arrangement with a third party that utilizes a CSP in the services it provides to an Entity. |
3 | Cloud Computing Outsourcing | An outsourcing arrangement where an Entity outsources some or all of its computing. |
4 | Cloud Service Provider (CSP) | An organization that provides Cloud Computing services to an Entity. |
5 | Entity |