87. The third-party arrangements on the use of services supporting critical or important function …

The third-party arrangements on the use of services supporting critical or important function by TPSPs should specify whether the subcontracting of critical or important functions, or material parts thereof, is permitted and, when that is the case, the conditions applying to such subcontracting. The use of subcontractors supporting critical or important functions by TPSPs cannot reduce the ultimate responsibility of the financial entities ’ management body to manage their risks and to comply with their legislative and regulatory obligations. Financial entities should have a clear and holistic view of the risks associated with subcontracting services that support critical or important functions so that they are able to monitor, manage and mitigate those risks. Among those subcontractors that provide services supporting critical or important functions, financial entities should notably focus continuously on those subcontractors that effectively underpin the non-ICT related service supporting a critical or important functions.

1. Ħarsa ġenerali

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

3. Standards relatati

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