Open on EUR-Lex ↗

Article 5 - Procedures

Article 5
Procedures

1. The procedures referred to in Article 2(2), points (a) and (b), shall be adapted to the business model of the crowdfunding service provider and shallinclude:

((a))

a compilation of a list of contact details of the persons or department in charge in case of failure of the crowdfunding service provider;

((b))

the identification of the three most likely scenarios of failure and the description of measures to be taken to mitigate their impact on the continuity of critical services;

((c))

provisions regarding access by staff of the crowdfunding service provider to the workspace and company network;

((d))

provisions regarding access to client information and, where relevant, client assets;

((e))

an identification of operational and financial risks as well as measures to reduce their occurrence;

((f))

an identification of critical business systems and contingency measures to ensure their continuity;

((g))

an identification of critical business relationships, including outsourced functions;

((h))

procedures to ensure the continuity of communication between the crowdfunding service provider, its clients, business partners, employees and competent authorities.

Official text · the act as published Open full page ↗
6 queries · page built in 6 msInventory f82bbfa3