In this act Article 4 of 7
Article 4 — Criticality or importance of the functions
Financial servicesLevel 2Delegated RegulationDORAIn forceOfficial source
When considering the criterion set out in Article 31(2), point (c), of Regulation (EU) 2022/2554, the ESAs shall carry out their assessment in the light of the following ‘step 2’ sub-criterion:
— sub-criterion 3.1: the ICT service provided ultimately by the same ICT third-party service provider supporting critical or important functions of financial entities is of a critical nature for the activities of the financial entities.