Recital 64 Financial entities remain fully responsible

A financial entity should at all times remain fully responsible for complying with its obligations set out in this Regulation. Financial entities should apply a proportionate approach to the monitoring of risks emerging at the level of the ICT third-party service providersmeans an undertaking providing ICT services;, by duly considering the nature, scale, complexity and importance of their ICT-related dependencies, the criticality or importance of the services, processes or functions subject to the contractual arrangements and, ultimately, on the basis of a careful assessment of any potential impact on the continuity and quality of financial services at individual and at groupmeans a group as defined in Article 2, point (11), of Directive 2013/34/EU; level, as appropriate.