Regulatory Alerts2023-07-04
Guidance Notes Outsourcing Register Template Payments & E-Money Firms
The Central Bank of Ireland mandates that Payments and E-Money Institutions maintain and submit an outsourcing register detailing all third-party service arrangements. The submission must use the provided Excel template, cover contracts active as of 31 December 2022, and be uploaded via the Central Bank Portal by Q4 2023. The register requires specific data on criticality assessments, risk evaluations, and contractual terms to enable the regulator to analyze sectoral interconnectedness and concentration risks.
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