Article 5 Reclassification of major ICT-related incidents

This article addresses the scenario where a financial entity, upon further review, determines that an ICT-related incident it previously reported as major never actually met the classification criteria for being major in the first place.

It sets out the procedure for correcting that classification by formally notifying the competent authority of the reclassification from major to non-major.

This article acts as a corrective mechanism that sits alongside the broader reporting framework established in earlier articles of this regulation.

Important points:

• If you previously reported an incident as major but later conclude it never met the threshold, notify the competent authority of the reclassification.
• Use the template in Annex II, specifically the fields 'type of report' and 'other information', to communicate the reclassification.
• The trigger is a conclusion that the incident never fulfilled the classification criteria at any point in time, not merely that it ceased to qualify after the fact.