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October 23, 2021
On 14 October 2021, the CSSF published its new CSSF Circular 21/785 with regard to replacing the prior authorisation obligation with a prior notification obligation in the case of material IT outsourcing, ...
October 3, 2021
On 12 July 2021, the Luxembourg regulator of the financial sector, the CSSF, published its Circular 21/777 implementing the ESMA' guidelines on outsourcing to cloud service providers (ESMA50-164-4285, "ESMA Guidelines").
August 19, 2021
On 5 August 2021, the Luxembourg insurance supervisory authority Commissariat aux Assurances ("CAA") adopted a new Circular Letter 21/15 on outsourcing to cloud computing service providers (the "Cloud Circular") that applies to CAA supervised insurance and reinsurance undertakings.More than a year ago, the CAA had already issued a circular letter (20/13) which merely informed of the full application by the CAA of the EIOPA Guidelines on outsourcing to cloud service ...