Regulatory Alerts2022-06-22
Regulation on Outsourcing for Credit Institutions and Similar Entities
The Danish Financial Supervisory Authority issued this regulation to establish comprehensive rules for outsourcing activities by credit institutions, payment institutions, and other financial entities. It mandates rigorous risk assessments, strict governance frameworks, and detailed contractual requirements, particularly for critical or important outsourcing arrangements. The document further outlines obligations regarding data protection, exit strategies, and supervisory access to ensure operational resilience and regulatory compliance.
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