Recital 10


To mitigate any vulnerabilities means a weakness, susceptibility or flaw of a product with digital elements that can be exploited by a cyber threat; and threats that may pose risks 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; to their ICT systems and operations, financial entitiesas defined in Article 2, points (a) to (t) should be able to monitor the performance of the ICT service means an ICT service as defined in Article 2, point (13), of Regulation (EU) 2019/881; and to be informed of any relevant changes within their ICT subcontracting chain where such changes concern critical or important functions means 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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