Recital 4 Technology neutral standard templates

Certain sector-specific Union financial services legislation contains requirements on outsourcing. Those requirements have been further developed in guidelines issued by the ESAsEuropean Supervisory Authority. Under those guidelines, some financial entitiesas defined in Article 2, points (a) to (t) are expected to record specific information on their outsourcing arrangements, in some cases also in the form of registers, as part of their outsourcing risk means the potential for loss or disruption caused by an incident and is to be expressed as a combination of the magnitude of such loss or disruption and the likelihood of occurrence of the incident; management. In recent years, several national competent authoritiesas defined in Article 46 and the ECB have collected information included in such registers as part of their supervision of financial entity means a natural or legal person created and recognised as such under the national law of its place of establishment, which may, acting under its own name, exercise rights and be subject to obligations; compliance with the outsourcing requirements. Based on the lessons learned from the different data collection exercises of outsourcing registers performed in the recent years by the ESAsEuropean Supervisory Authority and competent authoritiesas defined in Article 46, the standard means a standard as defined in Article 2, point (1), of Regulation (EU) No 1025/2012 of the European Parliament and of the Council (^29^); Regulation (EU) No 1025/2012 of the European Parliament and of the Council of 25 October 2012 on European standardisation, amending Council Directives 89/686/EEC and 93/15/EEC and Directives 94/9/EC, 94/25/EC, 95/16/EC, 97/23/EC, 98/34/EC, 2004/22/EC, 2007/23/EC, 2009/23/EC and 2009/105/EC of the European Parliament and of the Council and repealing Council decision 87/95/EEC and Decision No 1673/2006/EC of the European Parliament and of the Council (OJ L 316, 14.11.2012, p. 12). templates should be designed in a technology-neutral manner with open tables, which have a predefined number of columns and an indefinite number of rows. In addition, the standard means a standard as defined in Article 2, point (1), of Regulation (EU) No 1025/2012 of the European Parliament and of the Council (^29^); Regulation (EU) No 1025/2012 of the European Parliament and of the Council of 25 October 2012 on European standardisation, amending Council Directives 89/686/EEC and 93/15/EEC and Directives 94/9/EC, 94/25/EC, 95/16/EC, 97/23/EC, 98/34/EC, 2004/22/EC, 2007/23/EC, 2009/23/EC and 2009/105/EC of the European Parliament and of the Council and repealing Council decision 87/95/EEC and Decision No 1673/2006/EC of the European Parliament and of the Council (OJ L 316, 14.11.2012, p. 12). templates should be linked to one another by using different specific keys forming a relational structure between those templates.