WebApr 28, 2024 · As such, CSSF Circular 18/698 applying to IFM remains the baseline for IFM, but gets supplemented, where applicable, and concerning ICT outsourcing, by section 4.2 of CSSF Circular 22/806, noting ... WebApr 22, 2024 · The Circular defines a specific outsourcing process to be followed by the supervised entities and highlights the importance to identify, monitor and manage the risks, namely operational risks...
Luxembourg: Material IT outsourcing - the CSSF
Web🤝 Outsourcing: the CSSF introduced a comprehensive new regime on outsourcing arrangements - Firms now have until the end of the year to align their outsourcing frameworks with the new requirements. WebJul 16, 2024 · The CSSF considers that CSSF Circular 17/654 on cloud outsourcing, as amended (the "Cloud Circular") (applicable inter alia to credit institutions, investment firms, professionals of the financial sector and investment fund managers) and its current regulatory practice are already in line with the substance requirements of the ESMA … brewsters galt ca menu
CSSF Circulars 12/552 and 20/758 are about to change things up …
WebOur business process and information technology outsourcing specialists will lead you through the main changes introduced by the new regime based on EBA Guidelines and … WebEnsure compliance with EBA guideline, CSSF circular 22/806 and 22/811; Annual Risk assessments of outsourcing arrangements; Review of any filings with the CSSF for updated arrangements; Maintains the local outsourcing register and operating memorandums; Participates to regular management meetings and with auditors or … WebNov 5, 2024 · The CSSF regulation introduces, inter alia, Simplified Customer Due Diligence, reinforced internal management requirements, further guidance on the risk-based approach, guidance on the use of AML systems, clarifications on the acceptance process and the outsourcing processes as well as the definition of customer. county for zip code 03102