+53. When services supporting critical or important functions are provided by a TPSP that is part of …

53. When services supporting critical or important functions are provided by a TPSP that is part of …

When services supporting critical or important functions are provided by a TPSP that is part of a group or a member of an institutional protection scheme or that is owned by the financial entity, the conditions, including the financial conditions, are to be taken objectively. However, the pricing of service synergies resulting from providing the same or similar services to several institutions within a group- or an institutional protection scheme (IPS) may be factored in, as long as the TPSP remains viable on a stand-alone basis; within a group, this should be irrespective of the failure of any other group entity.

1. Overview

,
Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

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