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# Article 5 — ICT asset management procedure

**Commission Delegated Regulation (EU) 2024/1774 · binding · OJ L, 2024/1774, 25.6.2024 · dated 13 Mar 2024 [in force]**

*In force · Consolidated version of 25 June 2024 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02024R1774-20240625)*

1. <a id="art-5-p-1"></a>Financial entities shall develop, document, and implement a procedure for the management of ICT assets.
2. <a id="art-5-p-2"></a>The procedure for management of ICT assets referred to in paragraph 1 shall specify the criteria to perform the criticality assessment of information assets and ICT assets supporting business functions. That assessment shall take into account:\
   <a id="art-5-p-2-a"></a>a) the ICT risk related to those business functions and their dependencies on the information assets or ICT assets;\
   <a id="art-5-p-2-b"></a>b) how the loss of confidentiality, integrity, and availability of such information assets and ICT assets would impact the business processes and activities of the financial entities.\

**Section 4 — Encryption and cryptography**