Recital 1 Single reporting template

To ensure that financial entitiesas defined in Article 2, points (a) to (t) report major incidents means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; to their competent authoritiesas defined in Article 46 in a consistent manner and to ensure that they provide those authorities with data of good quality, it should be specified which data fields financial entitiesas defined in Article 2, points (a) to (t) need to provide at the various stages of the reporting referred to in Article 19(4) of Regulation (EU) 2022/2554. It is important that that information is presented in a way that allows for a single overview of the incident means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555;. It is therefore necessary to lay down a single reporting template for those purposes.