Regulatory Alerts2023-06-30
Central Bank of Ireland Guidance Note on Outsourcing Register Template for Markets Firms
The Central Bank of Ireland mandates that designated Regulated Financial Service Providers with an impact rating of M/L or above submit a completed Outsourcing Register via the Central Bank Portal. The submission requires data as of 31 December 2022, with a deadline set for Q4 2023, and must adhere to strict formatting and validation rules within the provided Excel template. The register captures detailed contract-by-contract information, including criticality assessments, risk evaluations, and service provider details, to enable the regulator to analyze sectoral interconnectedness and concentration risk.
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