Home > Legal articles > IORP II: Dutch supervisor gives new guidance on outsourcing
The Dutch Central Bank recently gave additional guidance on: outsourcing, key function holders and own risk assessments. Pension funds must notify DNB of their outsourcing, and can generally do so via the usual reporting in their annual statements. However, they must notify DNB before the outsourcing agreement is entered into or the actual outsourcing starts in the following circumstances:
Pension funds are also expected to properly prepare notification of key function holders, for instance, by having a prior discussion with the Central Bank about the embedding of the key functions.
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