Regulation 2020
Odluka o upravljanju rizicima povezanim sa eksternalizacijom (Decision on Managing Outsourcing and Outsourcing-Related Risks, OGM 127/20, 112/25)
Issued by Central Bank of Montenegro
Plain-English summary
Central Bank rules on outsourcing by credit institutions: criticality assessment, notification to the Central Bank for critical or important functions, and a register of outsourcing. Cloud appears only in the register content.
Who it applies to
Banking
Topics
Cybersecurity & IT Risk Operational Risk & Outsourcing
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Notify the Central Bank before outsourcing critical or important functions | Deadline No later than 60 days before the arrangement | CBCG | official | |
Art. 17(1) requires notice without delay and no later than 60 days before entering an outsourcing arrangement for critical or important functions or changing the provider. Art. 17(3) lists supporting documents. Art. 19 requires a register of all outsourcing, which for cloud arrangements records the cloud service type and deployment model. |
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| No obligations match these filters. | ||||
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