WebDec 3, 2024 · The CSSF declared this complex “Cloud Circular” applicable to IFMs having recourse to IT outsourcing based on cloud computing infrastructure with immediate effect. In paragraph 143 of its Circular 18/698, the CSSF only mentions the obligation for IFMs to designate among its employees a person, the “cloud officer”, who shall be ... WebJul 12, 2024 · On 12 July 2024, the Luxembourg regulator published Circular CSSF 21/777 to implement the European Securities and Markets Authority (ESMA) Cloud Outsourcing Guidelines in Luxembourg (ESMA50-164-4285).
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WebGuidelines on outsourcing to cloud service providers through the Circular CSSF 21/777 by amending the scope of Circular CSSF 17/654. The new Circular applies to IFMs when performing ICT outsourcing. When an IFM outsources ICT, the Circular CSSF 18/698 applies as a baseline in relation to Chapter 4 (The bodies WebJul 20, 2024 · Jul 20, 2024. The good news arrived at the start of March for CTG Luxembourg, when the company received authorisation from the CSSF (Commission de … slv health cch
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WebMay 10, 2024 · Previously, ICT and cloud outsourcing guidelines were contained in multiple CSSF circulars, including: Circular 17/655, updating the outsourcing provisions of … WebNov 12, 2024 · CSSF Circular 17/654, as amended, on IT outsourcing relying on a cloud computing infrastructure; CSSF Circular 12/552, as amended, on central administration, internal governance and risk management ... CSSF Circular 17/656 on administrative and accounting organization; IT outsourcing; Link to CSSF Circular. Summary. On 14 … WebOct 14, 2024 · The CSSF also insists this notification does not prevail over any further comments/binding measures or administrative sanctions resulting from ongoing supervision or on-site inspection on outsourcing. The CSSF has updated its notification form and merged the cloud and IT outsourcing forms. Cloud outsourcing solar peacock wind spinner