34. Financial entities should always consider a function as critical or important in the following …

Financial entities should always consider a function as critical or important in the following situations (⁴² ), where its disruption, discontinuity, defect or failure in its performance would materially impair:

• a. their continuing compliance with the conditions and obligations of its authorisation, or with its other obligations under applicable financial services law;
• b. their financial performance;
• c. the soundness or continuity of their services and activities.

⁴² See also Article 30 of the Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive on the scope of critical and important operational functions in the context of the provision of investment services and activities.

1. Ħarsa ġenerali

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

3. Standards relatati

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