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Recital 11

Recital 11

(11)To enable financial entities to assess the risks associated with subcontracting arrangements or material changes thereto, ICT third-party service providers should inform the financial entities to which they provide ICT services of all such new arrangements or changes well before such arrangements or changes start to apply. For the same reason, financial entities should have the right to terminate the contract with the ICT third-party service provider where the outcome of their risk assessment shows that the new arrangements or material changes carry a level of risk that exceed their risk tolerance.

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