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Recital 4

Recital 4

(4)Financial entities may have the same ICT intra-group service provider or may belong to the same group and rely on the use of shared ICT systems. In that case, it is important that TLPT authorities consider the structure and systemic character or importance for the financial sector of that financial entity at national or Union level in the assessment of whether a financial entity should be subject to TLPT and of whether the TLPT should be conducted at entity level or at group level (through a joint TLPT).

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