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🔗 Back to Summary. 🇫🇷 French Version: 2025R0305_FR.5. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 4 – Information about governance arrangements and internal control mechanisms and conflict of interests ⬅️ | ➡️ Article 6 – Detection and prevention of money laundering and terrorist financing
Références LVL1 <=> LVL2
Level 1 reference(s): 2023R1114_EN.62 > 5
Article 5 - Business continuity plan
1.
For the purposes of Article 62(2), point (i), of Regulation (EU) 2023/1114 applicants shall submit to the competent authority a detailed description of the business continuity plan, including the steps to be taken to ensure continuity and regularity in the provision of the applicant’s crypto-asset services.
2.
The description referred to in paragraph 1 shall include the following:
(a)
details proving that the business continuity plan is appropriate and that arrangements are set up to maintain and periodically test that plan;
(b)
with regard to critical or important functions supported by third-party service providers, information on how business continuity is ensured where the quality of the provision of such functions deteriorates to an unacceptable level or fails;
(c)
information on how business continuity is ensured in the event of the death of a key person and, where relevant, political risks in the service provider’s jurisdiction.