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New harmonised outsourcing regime for CSSF regulated entities

New harmonised outsourcing regime for CSSF regulated entities
02/05/2022

On 22 April 2022, the Commission de Surveillance du Secteur Financier (the "CSSF") published CSSF Circular 22/806 on outsourcing arrangements (the “Outsourcing Circular”).

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Revamped CSSF outsourcing guidance for the financial sector

Revamped CSSF outsourcing guidance for the financial sector
27/04/2022

On 22 April 2022, the Luxembourg financial regulator (the "CSSF") released Circular 22/806 on outsourcing arrangements (the "Circular"). By means of the Circular, the CSSF adopts and integrates the revised EBA Guidelines on outsourcing arrangements (EBA/GL/2019) (the "EBA Guidelines")

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EU & US: The Trans-Atlantic Data Privacy Framework: A new realpolitik for data?

EU & US: The Trans-Atlantic Data Privacy Framework: A new realpolitik for data?
05/04/2022

On 25 March 2022, the European Commission and the United States announced agreement in principle on a new Trans-Atlantic Data Privacy Framework. This will be welcome news to businesses on both sides of the Atlantic but has some way to go before it becomes a reality.

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European Electronic Communication Code adopted

European Electronic Communication Code adopted
28/02/2022

The Law of 17 December 2021 on electronic communications networks and services ("Law") was published on 22 December 2021 and came into force on 26 December 2021

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Whistle-blowers: draft law transposing EU Directive in Luxembourg

Whistle-blowers: draft law transposing EU Directive in Luxembourg
14/02/2022

On the 10th January 2022, Luxembourg’s government introduced a draft law n° 7945 (the “Draft law”) transposing the Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons

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 CSSF guidance on virtual assets -  Recent developments in the financial sector

CSSF guidance on virtual assets - Recent developments in the financial sector
20/01/2022

On 29 November 2021, the Commission de surveillance du Secteur Financier (the “CSSF”) published a Communiqué entitled “CSSF guidance on virtual assets” as well as an FAQ on “Virtual Assets” which were recently updated on 4 January 2022

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Data protection notices after the Whatsapp case: what's the message?

Data protection notices after the Whatsapp case: what's the message?
16/12/2021

A few months ago, the Irish Data Protection Commission imposed an administrative fine of EUR 225 million on WhatsApp Ireland Limited, declaring the company's data protection notice non-compliant with the General Data Protection Regulation (Regulation (No) 2016/679 or the "GDPR"). 

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CNPD publishes new guidelines on cookies

CNPD publishes new guidelines on cookies
15/11/2021

The Luxembourg Data Protection Authority (the ‘Commission Nationale pour la Protection des Données’, or ‘CNPD’) has published updated guidelines on cookies and other trackers, including “fingerprinting", "web beacons" or "shared objects".

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Why all companies should care about the UN's cybersecurity & software update regulations – lessons for all sectors

Why all companies should care about the UN's cybersecurity & software update regulations – lessons for all sectors
26/10/2021

Not in the automotive sector? It doesn't matter: two Regulations adopted by UNECE (a United Nations body) on cybersecurity and software updates in the automotive sector may shape your products and services – even if your sector is completely different.

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IT and cloud outsourcing: new notification regime

IT and cloud outsourcing: new notification regime
21/10/2021

On 14 October 2021, the CSSF published its new CSSF Circular 21/785 with regard to replacing the prior authorisation obligation with a prior notification obligation in the case of material IT outsourcing (the “Circular”)

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