Article 2
Business continuity plan
1. For the purposes of Article 60(7), point (b) (iii), of Regulation (EU) 2023/1114, the notifying entity shall submit to the competent authority a detailed description of its business continuity plan, including the steps to be taken to ensure continuity and regularity in the provision of its crypto-asset services.
2. The description referred to in paragraph 1 shall include the following:
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(a) |
details showing that the established business continuity plan is appropriate and that arrangements are set up to maintain and periodically test that plan; |
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(b) |
with regard to critical or important functions supported by third-party service providers, details on how business continuity is ensured in the event that the quality of the provision of such functions deteriorates to an unacceptable level or fails; |
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(c) |
information on how business continuity is ensured in the event of the death of a key person and, where relevant, political risks in the service provider’s jurisdictions. |