WebApr 20, 2024 · 1. Scope. The Circular applies to all entities subject to CSSF supervision (credit institutions, management companies, AIFMs, investment firms, specialised and … WebTelework and the CSSF circular 21/769. Copy link. The Covid-19 crisis has incited companies to adopt a teleworking solution for their employees. How to balance the increase in teleworking with ensuring compliance with governance and security requirements? This has triggered many questions both from a legal and practical …
CSSF circular on governance and security requirements for teleworking
WebOn 9 April 2024, the Commission de Surveillance du Secteur Financier (the « CSSF »), the Luxembourg financial supervisory authority, adopted a circular 20/769 on governance and security requirements for supervised entities to perform tasks or activities through telework (the “Circular”).The Circular enters into force on 30 September 2024 and … WebOct 19, 2024 · Financial sector firms domiciled in Luxembourg need to have a post-pandemic policy on teleworking. Audrey Bertolotti, a lawyer with the Linklaters law firm, outlines what is and what is not covered by the guidelines. Earlier this year, Luxembourg’s Financial Sector Supervisory Commission (CSSF) issued circular 21/769, which … easy dinner ideas no oven
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WebJul 28, 2024 · CSSF approval will not be required for teleworking: it will be the responsibility of the Supervised Entities to assess whether its internal rules comply with the requirements of the Telework Circular (taking into account its size and organisation and the nature, scale and complexity of its activities). WebMay 11, 2024 · On 9 April 2024, Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier ("CSSF"), issued Circular 21/769 1 on teleworking. It will enter into force on 30 September 2024 assuming working conditions have returned to normal. Purpose and Scope Web2. This circular also applies to Luxembourg branches of entities originating from outside the European Economic Area. 3. Luxembourg branches of entities originating from a ember State of the M European Economic Area may also use Telework in accordance with the requirements provided for in this circular, in case Telework is authorised in curative biotechnology inc