WebNov 12, 2024 · The CSSF has explained that the change was introduced in response to the continuing development of material IT outsourcing, in particular after the rise of 40% in … WebCSSF may ask for this documentation at any time) Business continuity • The circular instantiates existing requirements on outsourcing in the context of cloud comput ing (e.g., continuity aspects and the revocable nature of outsourcing), but also draws attention to specific risks, such as data portability Systems security

Luxembourg: Material IT outsourcing - the CSSF

WebIn relation with any outsourcing or delegation arrangementwhich does not fall under the definition of ICT outsourcing under Circular OS (including business process … WebOct 14, 2024 · The decision tree is as follows: Material outsourcing: BPO: prior authorization. ITO: prior notification. The notification period depends on whether the … irs agent with gun

Amendment to CSSF Circulars on IT outsourcing: Replacement

WebThe Circular represents the CSSF’s integrated framework on outsourcing arrangements and introduces a harmonized framework governing outsourcing arrangements in order … WebOn 22 April 2024, the CSSF published a new circular 22/806 on outsourcing arrangements (CSSF Circular 22/806). the general part on outsourcing arrangements with its definitions, scope, principles and governance requirements and particularly, giving insight on the assessment of important or critical functions and providing a detailed view on ... WebMar 7, 2024 · The new template is effective from 20th February 2024 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 ... irs agent work from home