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Article 2 β Business continuity organisational arrangements β¬ οΈ | β‘οΈ Article 4 β Business continuity plans
References LVL1 <=> LVL2
Level 1 reference(s): 2023R1114_EN.68 > 10
ArticleΒ 3 - Business continuity policy
1.
The business continuity policy referred to in Article 68(7) of Regulation (EU) 2023/1114 shall ensure that crypto-asset service providers properly address disruptive incidents or performance issues relating to the systems critical to the operation of their business functions and it shall be laid down in a durable medium.
2.
Crypto-asset service providers shall include in the business continuity policy all of the following:
(a)
a specification of the scope of the business continuity policy, including its limitations and exclusions, to be covered by the business continuity plans, procedures, and measures;
(b)
a description of the criteria to activate the business continuity plans, including escalation procedures up to the level of the management body;
(c)
provisions on the governance and organisation of the crypto-asset service provider, including, the roles and responsibilities of the staff, ensuring that sufficient resources are available for the effective implementation of the policy;
(d)
provisions that ensure consistency between the business continuity plans and the ICT-business continuity plans, and ICT response and recovery plans referred to in Articles 24 and 26 of Delegated Regulation (EU) 2024/1774.