Regulatory Alerts2023-06-30
Guidance Note: Outsourcing Register Template for Less Significant Institutions
The Central Bank of Ireland mandates that Less Significant Institutions submit a completed outsourcing register template via the Central Bank Portal by Q4 2023. The submission must utilize data as of 31 December 2022 and adhere to strict file naming conventions and structural requirements to ensure successful validation. Regulated firms are required to report all outsourcing arrangements on a contract-by-contract basis, including detailed information on criticality assessments and risk management for significant services.
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