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🔗 Back to Summary. 🇫🇷 French Version: 2024R1772_FR.8. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 7 – Economic impact ⬅️ | ➡️ Article 9 – Materiality thresholds for determining major incidents
Références LVL1 <=> LVL2
Level 1 reference(s): 2022R2554_EN.20, 2022R2554_EN.19 > 1, 2022R2554_EN.16 > 1
Article 8 - Major incidents
1.
An incident shall be considered a major incident for the purposes of 2022 where it has affected critical services as referred to in Article 6 and where either of the following conditions is fulfilled:
(a)
the materiality threshold referred to in Article 9(5), point (b), is met;
(b)
two or more of the other materiality thresholds referred to in Articles 9(1) to (6) are met.
2.
Recurring incidents that individually are not considered a major incident in accordance with paragraph 1 shall be considered as one major incident where they meet all of the following conditions:
(a)
they have occurred at least twice within 6 months;
(b)
they have the same apparent root cause as referred to in Article 20, first subparagraph, point (b) of Regulation (EU) 2022/2554;
(c)
they collectively fulfil the criteria for being considered a major incident set out in paragraph 1.
Financial entities shall assess the existence of recurring incidents on a monthly basis.
This paragraph does not apply to microenterprises and to financial entities listed in 2022.