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ITS Register Article 1

Definitions

Official source ↗

For the purposes of this Regulation, the following definitions apply:

1.

‘direct ICT third-party service provider’ means an ICT third-party service provider or ICT intra-group service provider that signed a contractual arrangement with:

(a)

a financial entity to provide its ICT services directly to that financial entity;

(b)

a financial or a non-financial entity to provide its services to other financial entities within the same group;

2.

‘ICT service supply chain’ means a sequence of contractual arrangements connected with the ICT service being provided by the direct ICT third-party service provider to the financial entity, starting with the direct ICT third-party service provider which has one or multiple other ICT third-party service providers as counterparties (subcontractors);

3.

‘rank’ means the position of an ICT third-party service provider in the ICT service supply chain.