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CSSF Updates on IT Outsourcing by Supervised Institutions

CSSF Updates on IT Outsourcing by Supervised Institutions
10/02/2020

As regards IT outsourcing of material activities by credit institutions, investment firms and professionals performing lending operations under Circular CSSF 12/552 (as amended) and IT outsourcing by electronic money institutions, payment institutions and professionals of the financial sector ("PFS") other than investment firms, under Circular CSSF 17/656, the CSSF has published on 16 December 2019 a new form for authorisation requests.

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Cloud computing infrastructure

Cloud computing infrastructure
28/05/2019

On 27 March 2019, the CSSF issued Circular 19/714 ("Circular") which amends CSSF Circular 17/654   on IT outsourcing relying on a cloud computing infrastructure (CSSF Circular 17/654 as amended by the Circular is referred to as the "Cloud Computing Circular").

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Les PropTech ont le vent en poupe mais ne sont pas dispensées du RGPD

Les PropTech ont le vent en poupe mais ne sont pas dispensées du RGPD
16/04/2019

La PropTech se définit comme la transformation du secteur de l’immobilier via des startups aux solutions innovantes (big data, objects connectés, dématérialisation, VR etc..

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 GDPR: CNPD Releases Black List of Processing Operations Subject to a Data Protection Impact Assessment (DPIA)

GDPR: CNPD Releases Black List of Processing Operations Subject to a Data Protection Impact Assessment (DPIA)
25/03/2019

Further to Article 35(4) and (6) GDPR, the competent supervisory authority, i.e. the CNPD in Luxembourg, must establish a list of the types of processing operations which are likely to result in a high risk for the rights and freedoms of data subjects

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Consequences of Brexit in the sphere of international data transfers

Consequences of Brexit in the sphere of international data transfers
05/03/2019

The National Commission for Data Protection (“Commission nationale pour la protection des données”, or “CNPD”) recently published a report on the consequences of Brexit in the sphere of international data transfers. 

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La technologie Blockchain à l’aune du RGPD

La technologie Blockchain à l’aune du RGPD
08/02/2019

Lors d’un panel qui s’est récemment tenu à Luxembourg sur le thème de l’art et de la finance, il a été l’occasion de revenir sur les mesures qui doivent être prises lorsque la Blockchain est utilisée pour un traitement de données personnelles.

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Happy World Privacy Day 2019!

Happy World Privacy Day 2019!
04/02/2019

The CNPD (Commission Nationale pour la Protection des données, or “CNPD”) has, until now, adopted a cooperative approach with the entities requesting guidance and has, in particular, met representatives of important sectors in Luxembourg.

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Protection des données à caractère personnel et surveillance des salariés

Protection des données à caractère personnel et surveillance des salariés
05/12/2018

Depuis le 25 mai 2018, le Règlement (UE) 2016/679 du Parlement européen et du Conseil du 27 avril 2016 relatif à la protection des personnes physiques à l'égard du traitement des données à caractère personnel et à la libre circulation de ces données, 

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	 CSSF Circular 18/698: impact on IT organisation and (cloud based) outsourcing for investment fund managers

CSSF Circular 18/698: impact on IT organisation and (cloud based) outsourcing for investment fund managers
03/12/2018

IT is key. This is not the slogan of an IT service provider but one of the lessons to be drawn from the CSSF Circular 18/698. Investment fund managers subject to this circular have strengthened obligations regarding their IT infrastructures, outsourcing, internal governance and data protection.

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GDPR in Luxembourg : the date protection act

GDPR in Luxembourg : the date protection act
30/10/2018

The General Data Protection Regulation (“GDPR”) took direct effect in Luxembourg on 25 May 2018, but since it allows EU Member States latitude in specific areas, 

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