109. The third-party arrangement should facilitate the transfer of the services supporting a …

The third-party arrangement should facilitate the transfer of the services supporting a critical or important function provided by the TPSP to another TPSP or its re-incorporation into the financial entity. To this end, the written third-party arrangement should:

• a. clearly set out the obligations of the existing TPSP in the case of a transfer of the services supporting a critical or important function provided by the TPSP to another TPSP or back to the financial entity, including the treatment of data;
• b. set an appropriate transition period, during which the TPSP, after the termination of the arrangement, would continue to provide the services supporting a critical or important function to reduce the risk of disruptions; and
• c. include an obligation of the TPSP to support the financial entity in the orderly transfer of the services supporting a critical or important function in the event of the termination of the third-party arrangement.

1. Oversigt

1.1 Referencer

1.2 Identificerede krav

1.3 Relaterede standarder

2. Identificerede krav

3. Relaterede standarder

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/