WebOn 27 March 2024, the CSSF published Circular 19/714 (the Circular) which updates Circular 17/654 on IT outsourcing based on a cloud computing infrastructure. 22 months after the publication of Circular 17/654, in light of more than 60 files submitted and recently published EBA Draft guidelines on outsourcing, the CSSF brings changes to WebJan 2, 2024 · As regards the assessment of IT outsourcing materiality by credit institutions, investment firms, professionals performing lending operations, electronic money institutions, payment institutions and PFS other than investment firms, investment fund managers and entities carrying out the activity of registrar agent, the CSSF updated the …
Circular CSSF 22/806 on outsourcing arrangements – CSSF
WebOct 28, 2024 · In order to face the continuing development of material IT outsourcing, the CSSF has simplified its procedures. According to the Commission de Surveillance du Secteur Financier (the " CSSF ") 1, there has been an increase of over 40% in authorisation applications for IT outsourcing between 2024 and 2024. In particular, the amount of … WebJul 17, 2024 · CSSF published FAQ regarding Circular CSSF 02/77. Luxembourg. 17.07.2024. Download PDF. On 7 July 2024, the Commission de Surveillance du Secteur Financier (the “ CSSF ”) published a list of frequently asked questions in relation to the provisions of Circular CSSF 02/77 concerning the protection of investors in case of net … great clips martinsburg west virginia
New Rules On Material IT Outsourcing In The Financial Sector
WebApr 26, 2024 · The newly published CSSF circular 22/806 provides an updated regulatory basis in Luxembourg for the outsourcing of functions of supervised financial entities. … WebApr 26, 2024 · The newly published CSSF circular 22/806 provides an updated regulatory basis in Luxembourg for the outsourcing of functions of supervised financial entities. The Commission de surveillance du secteur financier, Luxembourg’s financial sector regulator, on 22 April published a circular on outsourcing. The document not only provides a … WebOct 27, 2024 · Luxembourg October 27 2024. In brief. On 14 October 2024, the Commission de Surveillance du Secteur Financier (CSSF) issued a new Circular CSSF 21/785, … great clips menomonie wi