Ctrlk
MiCAToFRDORADefinitionsBlog
For the complete documentation index, see llms.txt. This page is also available as Markdown.

critical or important function

Regulation (EU) 2022/2554

Definition

(22) 'critical or important function' means a function, the disruption of which would materially impair the financial performance of a financial entity, or the soundness or continuity of its services and activities, or the discontinued, defective or failed performance of that function would materially impair the continuing compliance of a financial entity with the conditions and obligations of its authorisation, or with its other obligations under applicable financial services law;

Source

DORA, Article 3, point (22).

Used in DORA

  • Article 12

  • Article 15

  • Article 16

  • Article 28

  • Article 29

  • Article 30

Previouscritical ICT third-party service providerNextcrowdfunding service provider

Last updated