Central Bank Publishes Outsourcing Register - Submission Requirements

As set out in the Cross-Industry Guidance on Outsourcing (the "Outsourcing Guidance") and associated Feedback Statement published in December 2021, the Central Bank of Ireland (the "Central Bank") expects that each regulated financial service provider ("RFSPs") will establish and maintain an outsourcing register. On 9 August 2022, the Central Bank published on a new "Outsourcing Registers" section of its website the register templates and associated guidance notes, which include instructions for completion and submission of the register for each sector. The Central Bank has developed these templates for recording all relevant outsourcing arrangements and for reporting purposes.