Article 4 Geographical spread

For the purpose of determining the geographical spread with regard to the areas affected by the incident as referred to in Article 18(1), point (c), of Regulation (EU) 2022/2554, financial entities shall assess whether the incident has or had an impact in other Member States, and in particular the significance of the impact in relation to any of the following:

clients and financial counterparts in other Member States;
branches or other financial entities within the groupmeans a group as defined in Article 2, point (11), of Directive 2013/34/EU; carrying out activities in other Member States;
financial market infrastructures or third-party providers, which may affect financial entities in other Member States to which they provide services, to the extent such information is available.

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