Recital 7

(7)Effective internal control frameworks, including risk management and information and information and communication technology (ICT) systems and risk management are crucial to the sound and prudent management of the activities of the applicant issuer and of the reserve assets to prevent, monitor and mitigate operational and other types of risks. Applicant issuers should therefore provide adequate documentation on their internal control framework and ICT risk management framework demonstrating that they comply with Regulation (EU) 2022/2554 of the European Parliament and of the Council ⁵ .