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🔗 Back to Summary. 🇫🇷 French Version: 2022R2116_FR.3. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 2 – Minimum content of the business continuity plan ⬅️ | ➡️ Article 4 – Sound administration of agreements
Références LVL1 <=> LVL2
Level 1 reference(s): 2020R1503_EN.10
Article 3 - Continuity of the provision of critical services
1.
The business continuity plan shall ensure that critical services, including those outsourced to third parties, continue to be performed despite the failure of the crowdfunding service provider or the third party to which critical services have been outsourced.
2.
The measures contained in the business continuity plan shall be adapted to the business model of the crowdfunding service provider and shall include arrangements ensuring the continuity of critical services through the outsourcing of some or all of such critical services to a third-party entity.
3.
The business continuity plan shall include provisions for:
(a)
notification of the client about the occurrence of an event of failure;
(b)
the clients’ access to information relating to their investments;
(c)
where applicable, the continued servicing of outstanding loans;
(d)
where applicable, the continuation of payment services as referred to in 2020, including the arrangements referred to in paragraph 5 of that Article;
(e)
where applicable, the handover of asset safekeeping arrangements as referred to in 2020.