Regulatory Alerts2020-02-18
Regulation on the Application of the Guidelines on Outsourcing Arrangements
The Governing Board of the Bank of Slovenia issued this regulation to formally apply the European Banking Authority's Guidelines on outsourcing arrangements to Slovenian financial entities. It mandates that banks, payment institutions, and electronic money institutions implement sound risk management and internal governance when outsourcing functions, particularly critical or important ones. The regulation repeals previous rules on cloud service providers and enters into force on 30 September 2019.
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