Article 5 ICT asset management procedure

1. Financial entities shall develop, document, and implement a procedure for the management of ICT assets.
1. The procedure for management of ICT assets referred to in paragraph 1 shall specify the criteria to perform the criticality assessment of information assets and ICT assets supporting business functions. That assessment shall take into account:
  1. the ICT risk related to those business functions and their dependencies on the information assets or ICT assets;
  2. how the loss of confidentiality, integrity, and availability of such information assets and ICT assets would impact the business processes and activities of the financial entities.

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.