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CSSF has released a new Circular on 14 October for IT/Cloud Outsourcing. This new Circular replaces the prior authorisation requirement with a prior notification requirement in the event of outsourcing material activity but not business process outsourcing.
Published in December 2020, the released Circular CSSF 20/758 on Central Administration, Internal Governance and Risk Management repeals CSSF Circular 12/552 and has been specificaly issued to the attention of Investment Firms.
Our experts help both Luxembourg residents and cross-border commuters to optimise their tax situation by making the right decisions and accompanying them through the administrative procedures.
We are committed to helping our clients, colleagues and communities, as we all try to navigate the impacts of COVID-19. Any questions? Contact our Helpline for free advice from our experts: +352 20 80 01 51.
How are you providing crucial regulatory information timely and keeping financial soundness under control?
Our Grant Thornton experts could help you being compliant with General Data Protection Regulation (GDPR), the European Union’s (EU) new data protection law that comes into effect on 25 May 2018.