On 2 April 2021, the CSSF released the Circular 21/769 – Governance and security requirements for Supervised Entities to perform tasks or activities through Telework.
No approval by the CSSF is required in order to implement, maintain or extend Telework solutions for staff in a Supervised Entity.
This circular applies under normal general working conditions.
It does not apply under pandemic situations (for example COVID-19) or in case of other exceptional circumstances having a comparable impact on the general working conditions.
This circular is limited to financial sector regulatory requirements. All contractual relations between supervised entities and their employees are out of scope of the present circular.
It is intended solely to provide additional guidance on the governance and security requirements to be followed when implementing Teleworking solutions for employees of entities supervised by the CSSF.
This circular enters into force on 30 September 2021.
Full text is available on CSSF website HERE.