The FSMA has published a new handbook on outsourcing (FSMA_2023_24). In the handbook, intended for management companies of UCITS/AIFs and for portfolio management and investment advice companies, the FSMA sets out the principles of sound management of the outsourcing of any function. The text repeals and replaces Circular PPB 2004/5 of the CBFA dated 22 June 2004 on sound management practices in outsourcing by credit institutions and investment firms.
