FIN-FSA regulations and guidelines 1/2012: Outsourcing in supervised entities belonging to the financial sector have been updated, and the amendments will enter into force on 1st September 2023
Key changes to the regulations and guidelines:
- Reference added to the European Banking Authority’s Guidelines on outsourcing arrangements (EBA/GL/2019/02).
- Updates reflecting the reform of the Mutual Funds Act (213/2019).
- Persons providing payment service without authorisation in accordance with sections 7, 7 a and 7 b of the Payment Institutions Act (297/2010) added to the scope of application - as regards paragraph 13 of chapter 8.3.1 (recommendation to notify outsourcing of material activity).
- Investment firms removed from the scope of application.
For further information, please contact
Pasi Korhonen, Chief Specialist, +358 9 183 5514 or pasi.korhonen(at)fiva.fi