CSSF: Worldwide major outage due to CrowdStrike Agent and handling of potential impacts on undertakings for collective investment

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Last Updated on June 3, 2025 by Arnaud Collignon

Overview of the Worldwide Major Outage

In July 2024, a significant outage occurred globally due to issues related to the CrowdStrike agent. This incident has raised concerns regarding its potential impacts on Undertakings for Collective Investment (UCIs). Understanding the implications of this outage is crucial for stakeholders in the financial sector.

Key Details of the Outage

  • Date of Incident: July 2024
  • Cause: Technical issues with the CrowdStrike agent
  • Impact: Disruption in services for various financial institutions

Potential Impacts on UCIs

The outage may have several repercussions for UCIs, including:

  • Delays in transaction processing
  • Increased operational risks
  • Potential compliance issues with regulatory bodies

Recommended Actions for Stakeholders

To mitigate the effects of this outage, stakeholders are advised to:

  • Assess the current operational status and identify any disruptions
  • Communicate with service providers for updates and support
  • Implement contingency plans to address potential compliance issues

Conclusion

As the situation evolves, it is essential for all involved parties to stay informed and proactive in managing the impacts of this outage. Continuous communication and strategic planning will be key to navigating this challenge effectively.

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