Circular Letter No. CC/2019/00000065

Summary

Communicates that credit institutions, investment firms, payment institutions, and electronic money institutions subject to the supervision of the Bank of Portugal must, from May 31, 2020, observe the requirements set out in the "Guidelines on outsourcing" (EBA/GL/2019/02), which contain a comprehensive set of guidelines and recommendations related to the implementation of mechanisms and processes regarding the management of outsourced functions, with the aim of strengthening and harmonizing the outsourcing practices of the addressees.

Status: In force Official Journal: 10/2019 Publication Date: 15-10-2019 Issue Date: 30-10-2019 Target Audience: Investment Firms, Electronic Money Institutions, Payment Institutions Descriptors: Contract, Service Provision, BPnet, Information Provision, Information Elements, Consultancy Addressees: Investment Firms, Credit Institutions, Electronic Money Institutions, Payment Institutions

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