Germany: Federal Financial Supervisory Authority Supervisory Notice on Outsourcing to Cloud Providers
Progress
Current status
adopted
01 Feb 2024 adopted
Scope
Implementers
Germany
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
other service provider
infrastructure provider: cloud computing, storage and databases
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued Supervisory Notice on Cloud Outsourcing
On 1 February 2024, the German Federal Financial Supervisory Authority (BaFin) published a supervisory notice on outsourcing to cloud providers. The notice, based on the guidance from November 2018, provides practical insights into how BaFin assesse…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body