Recital 24 Asset management

The relevant entities 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; should manage and protect the assets which are of value to them through a sound asset management which should also serve as the basis for the 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; analysis and business continuity management. The relevant entities 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; should manage both tangible and intangible assets and should create an asset inventory, associate the assets with a defined classification level, handle and track the assets and take steps to protect the assets throughout their lifecycle.