Recital 9 Focus of materiality thresholds

With a view to ensure that the reports on and notifications of major incidents means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; received by competent authoritiesas defined in Article 46 under Article 19(1) of Regulation (EU) 2022/2554 serve both for supervisory purposes and for the prevention of contagion across the financial sector, the materiality thresholds should make it possible to capture major incidents means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555;, by focusing, inter alia, on the impact on 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; specific critical services, the specific absolute and relative thresholds of clients or financial counterparts, transactions that indicate a material impact on the 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;, and the significance of the impact in other Member States.