Regulatory Alerts2020-07-08
Instruction No. 2020-I-09 of July 8, 2020 amending Instruction No. 2019-I-06 regarding prior information to the ACPR in case of outsourcing of important or critical activities or functions
The French Prudential Supervision and Resolution Authority (ACPR) issued Instruction No. 2020-I-09 to amend the notification requirements for the outsourcing of important or critical activities. This regulation mandates the use of a standardized form for entities to report outsourcing decisions, including cloud services and intra-group arrangements, to the regulator. The updated instructions entered into application on January 1, 2021, ensuring compliance with EIOPA guidelines on cloud outsourcing.
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