Recital 31 Notification of significant incidents

Pursuant to Article 23(4) of Directive (EU) 2022/2555, 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 be required to notify significant incidents means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; within the deadlines set by that provision. Those notification deadlines are running from the moment the 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; becomes aware of such significant incidents means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555;. The relevant 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; is therefore required to report incidents means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; that, based on its initial assessment, could cause severe operational disruption of the services or financial loss for that 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; or affect other natural or legal persons by causing considerable material or non-material damage. Therefore, when a relevant 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; has detected a suspicious event, or after a potential incident means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; has been brought to its attention by a third party, such as an individual, a customer, an 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;, an authority, a media organisation, or another source, the relevant 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; should assess in a timely manner the suspicious event to determine whether it constitutes an incident means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; and, if so, determine its nature and severity. The relevant 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; is therefore to be regarded as having become ‘aware’ of the significant incident means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; when, after such initial assessment, that 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; has a reasonable degree of certainty that a significant incident means an incident as defined in Article 6, point (6), of Directive (EU) 2022/2555; has occurred.