Home Working And Other Remote Working Options: New CSSF Guidance Released!

1. Scope

• The Circular applies to all entities subject to CSSF supervision (credit institutions, management companies, AIFMs, investment firms, specialised and support PFS, payment institutions, electronic money institutions, etc.).
• The Circular only applies to entities relying on Telework (defined as "a form of organising and/or carrying out work, using information and communication technologies, within the framework of an employment contract, authorising work, which would ordinarily be carried out on the employer's premises, to be performed outside the premises of the employer"): the Circular does not apply to other forms of remote access or connections from the employer's premises to systems not hosted at the employer's premises.