WebMar 31, 2024 · Circular CSSF 22/804. 1. This Circular amends Circular CSSF 21/769 following the entry into force of the. general working condition limitations. 2. Circular CSSF 21/769 is amended in accordance with Annex 1 to this circular. comprehension easier. For your convenience, a “clean” version has been. appended as Annex 2. WebApr 26, 2024 · The newly published CSSF circular 22/806 provides an updated regulatory basis in Luxembourg for the outsourcing of functions of supervised financial entities. The Commission de surveillance du secteur financier, Luxembourg’s financial sector regulator, on 22 April published a circular on outsourcing. The document not only provides a …
CSSF strengthens rules on outsourcing Delano News
WebJun 1, 2024 · Scope. The Circular applies to undertaking for collective investments (UCIs) administrators of regulated and non-regulated entities established or not in Luxembourg. The CSSF makes no difference between delegation and externalization or outsourcing which are in scope of the Circular’s delegation requirement. WebFeb 1, 2024 · The Commission de Surveillance du Secteur Financier (CSSF) has recently published Circular 22/804 on governance and security requirements for supervised … dewitt township michigan ordinances
CSSF Circular 22/806 on outsourcing arrangements, what
WebIn details. Long awaited by the banking industry, the FAQ clarifies that: 1. CIs can invest directly into VAs with careful consideration of accounting and capital requirements. As stated by the former FAQ, IAS 38 (International Accounting Standard) – Intangible assets – has been retained unless the VAs qualify for cash or financial ... WebApr 12, 2024 · The Commission de Surveillance du Secteur Financier (CSSF) has recently published Circular 22/804 on governance and security requirements for supervised … WebJun 29, 2024 · Pierre-Marie Boul, Norman Finster and Karim Bouaissi zoom in on some of the key takeaways. Circular 22/811 (“the Circular”) was published by the Commission de Surveillance du Secteur Financier (CSSF) in May 2024 with the purpose of specifying principles of good governance and internal organization for undertakings for collective … dewitt township michigan assessor