Recital 10 Monitoring of subcontractors and notifications of changes


To mitigate any vulnerabilitiesmeans a weakness, susceptibility or flaw of an asset, system, process or control that can be exploited; and threats that may pose risks to their ICT systems and operations, financial entities should be able to monitor the performance of the ICT service and to be informed of any relevant changes within their ICT subcontracting chain where such changes concern critical or important functionsmeans a function, the disruption of which would materially impair the financial performance of a financial entity, or the soundness or continuity of its services and activities, or the discontinued, defective or failed performance of that function would materially impair the continuing compliance of a financial entity with the conditions and obligations of its authorisation, or with its other obligations under applicable financial services law;.

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