Revamped CSSF outsourcing guidance for Luxembourg financial sector
The Luxembourg financial regulator (the CSSF) recently released a circular on outsourcing arrangements, through which the CSSF adopted and integrated the revised European Banking Authority Guidelines on outsourcing arrangements and the European Securities and Markets Authority Guidelines on outsourcing to cloud service providers. This article sheds light on the main changes that this development brings for Luxembourg-supervised entities.
Source: lexology.com