89. If the use of subcontractors supporting critical or important functions or material parts …

If the use of subcontractors supporting critical or important functions or material parts thereof is permitted, the written agreement between the financial entity and the TPSP should specify:

• a. any types of activities that are excluded from subcontracting;
• b. the conditions to be complied with in the case of subcontracting;
• c. that the TPSP has to assess and manage all risks associated with the location of the current or potential subcontractors, and their parent company, and with the location where the service concerned is provided from;
• d. that the TPSP is obliged to monitor those functions that it has subcontracted to ensure that all contractual obligations between the TPSP and the financial entity are continuously met;
• e. the reporting obligations of the TPSP towards the financial entity regarding subcontractors supporting critical or important functions;
• f. that the TPSP has to specify in its contract with its subcontractors the monitoring and reporting obligations of those subcontractors towards the TPSP, and, where agreed, towards the financial entity;
• g. that the TPSP has to ensure the continuity of the provision of the critical or important functions throughout the chain of subcontractors in case of failure by a subcontractor to meet its contractual obligations;
• h. that the subcontractor grants to the financial entity and relevant competent and resolution authorities the same rights of access, inspection, and audit, as those granted by the TPSP to the financial entity; and
• i. that changes to written agreements between the financial entity and the TPSP that are necessary to comply with EU legal requirements and the specifications provided in these Guidelines, should be implemented in a timely manner and as soon as it is possible by the subcontractor;
• j. the financial entity should document and communicate the planned timeline for the implementation of such changes.

1. Apžvalga

1.1 Nuorodos

1.2 Nustatyti reikalavimai

1.3 Susiję standartai

2. Nustatyti reikalavimai

3. Susiję standartai

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