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ARTICLE · 06 SEPTEMBER 2022

CSSF Circular On Outsourcing Arrangements

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

On 22 April 2022, the Commission de Surveillance du Secteur Financier ("CSSF") issued:

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

On 22 April 2022, the Commission de Surveillance du Secteur Financier("CSSF") issued:

  • Circular 22/805 on the revised EBA Guidelines on outsourcing arrangements (EBA/GL/2019/02) - Publication of Circular CSSF 22/806 on outsourcing arrangements -Repeal or amendments of certain circulars CSSF ("Circular 22/805");
  • Circular 22/806 on outsourcing arrangements ("OS Circular");
  • Circular 22/807 updating CSSF Circular 12/552 on central administration, internal governance and risk management, as amended; and
  • CSSF FAQ - Circular CSSF 22/806 on outsourcing arrangements providing guidelines on the scope and application of the OS Circular ("FAQ").

As set out in Circular 22/805, the CSSF has integrated the revised EBA Guidelines on outsourcing arrangements in its administrative practice and regulatory approach via the OS Circular.

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