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Text as of 27 Dec 2022 · Regulation (EU) 2022/2554, OJ L 333, 27.12.2022 · Same wording as today’s text.Today’s text

Recital 70

Financial servicesLevel 1RegulationDORAStage: AdoptedOfficial source

The definition of ‘critical or important function’ provided for in this Regulation encompasses the ‘critical functions’ as defined in Article 2(1), point (35), of Directive 2014/59/EU of the European Parliament and of the Council. Accordingly, functions deemed to be critical pursuant to Directive 2014/59/EU are included in the definition of critical functions within the meaning of this Regulation.