WebApr 27, 2024 · The Outsourcing Circular is complemented by: CSSF Circular 22/805 on revised EBA Guidelines on outsourcing arrangements; and; CSSF frequently asked questions (the “FAQ”) whose aim is to clarify the application of the Outsourcing Circular to investment fund managers (“IFMs”) and the prior CSSF notification process for … WebMar 7, 2024 · The Commission de Surveillance du Secteur Financier (CSSF) has recently announced on 17 February 2024 the publication of a new notification template for critical or important ICT outsourcing. The new template is effective from 20th February 2024 and replaces the previous notification template for outsourcing of material IT activities.
Important publication of new CSSF circular on outsourcing …
WebMar 30, 2024 · Prior Notification Obligation. The key change to the process for engaging with a material IT outsourcing in Luxembourg is the removal of the requirement for prior authorization by the CSSF. Financial services firms were previously required to seek the CSSF’s prior authorization before entering into an agreement for a material IT outsourcing. WebOct 18, 2024 · On 14 October 2024, the Luxembourg financial regulatory authority, the Commission de Surveillance du Secteur Financier ("CSSF"), issued a new circular ( Circular 21/785) replacing the prior authorisation obligation for material IT outsourcing with a prior notification obligation (the "Circular"). dyson fan air purifier uk
Circular CSSF 22/806: An Outsourcing Circular to rule them all
WebJan 21, 2024 · du Secteur Financier (la « CSSF »), la présente Lettre de notification remplace la lettre précédente publiée sur le site Internet du Fonds en date du 1er décembre 2024. 1. OBJET DE LA LETTRE DE NOTIFICATION . Le législateur luxembourgeois et la CSSF ont tous deux imposé des exigences supplémentaires aux WebNov 12, 2024 · On 20 October 2024, the CSSF published a press release 21/25 in relation to the new CSSF Circular 21/785 on the replacement of the prior authorisation obligation by a prior notification obligation in the case of material IT outsourcing (the Circular) to service providers that are not professionals of the financial sector under the supervision of the … WebOct 14, 2024 · Material outsourcing: BPO: prior authorization. ITO: prior notification. The notification period depends on whether the outsourcing service provider is: A “support … dyson fan and filter