103. Additional factors to be considered when conducting due diligence on a potential third-party …

Additional factors to be considered when conducting due diligence on a potential third-party entity include, but are not limited to:

• a. its business model, nature, scale, complexity, financial situation, ownership and group structure;
• b. the long-term relationships with the third-party entity that have already been assessed and perform services for the issuer of ARTs;
• c. the level of substitutability of the service and service provider including the ability to exit the third-party arrangement and either transition to another service provider or bring the critical service back in-house or the potential impact of such substitution on the issuer of ARTs ’ critical operations;
• d. whether or not the third-party entity is supervised by competent authorities.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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