CSSF Introduces New Notification Template For Critical ICT Outsourcing

The Commission de Surveillance du Secteur Financier (CSSF) has recently announced on 17 February 2023 the publication of a new notification template for critical or important ICT outsourcing. The new template is effective from 20th February 2023 and replaces the previous notification template for outsourcing of material IT activities.

This update is in line with the guidelines set out in Circular CSSF 22/806 on outsourcing arrangements. The new template has been designed to align the terminology and structure of the notification with the circular.

The notification period and communication channels remain unchanged, and In-Scope Entities must use the new template to notify the CSSF of critical or important ICT outsourcing arrangements from 20th February 2023 onwards.