WebApr 26, 2024 · The Circular 22/807 updating CSSF Circular 12/552 on central administration, internal governance and risk management, as amended; and; ... Chapter 2 of Part II of the OS Circular replaces CSSF Circular 17/654 on cloud computing, as amended, which is repealed. The major principles, however, remain the same (e.g. requirement to … WebDec 7, 2024 · By Regulatory News. December 07, 2024. CSSF published Circular 20/759, which updates the Circular 12/552 on central administration, internal governance, and …
CSSF Circulars on Governance and Risk Management ... - Moody
WebThe CSSF circular 20/758 on central administration, internal governance and risk management has been published by the CSSF on 07 December 2024, replacing the circular 12/552. It mainly transposes the EBA guidelines on internal governance (EBA/GL/2024/11) and the Joint EBA-ESMA guidelines on the assessment of the suitability of the … WebFeb 26, 2024 · Banks’ internal governance issues have, in recent years, received increased attention from regulators and international bodies, aimed primarily at correcting weak or superficial internal governance se... – Listen to The revised CSSF circular 12/552 and what it means for banks by The Allen & Overy Luxembourg podcast instantly on your tablet, … treutlen elementary school soperton ga
Translation of "précisions quant à la portée des" in English
WebFeb 9, 2024 · Many changes introduced to Circular 12/552 by Circular 20/759 are linked to the transposition of the rules set out by Guidelines on internal governance under Directive 2013/36/EU (EBA/GL/2024/11 ... WebDec 16, 2024 · the scope of CSSF circular 12/552 has been restricted to credit institutions (and for certain aspects to professionals of the financial sector performing lending operations to the public); a new circular with simplified requirements has been introduced for investment firms, i.e. CSSF circular 20/758 together with a new prudential procedure for ... WebMay 26, 2024 · It also aligns the obligations previously set out in Circular 05/178 with the outsourcing provisions set out in Circular CSSF 12/552 as amended by Circular CSSF 17/655. In principle, Circulars CSSF 17/655 … tend burns