Art. 5 Ex-ante risk assessment | RTS on ICT third-party service provider policy | DORA

1. The policy shall require that the business needs of the financial entity are defined before a contractual arrangement is concluded.
1. The policy shall require that a risk assessment is conducted at financial entity level and, where applicable, at consolidated and sub-consolidated level before a contractual arrangement is concluded.
2. The risk assessment shall take into account all the relevant requirements laid down in Regulation (EU) 2022/2554 and applicable sectoral Union legislation. It shall consider, in particular, the impact of the provision of ICT services supporting critical or important functions by ICT third-party service providers on the financial entity and all the risks posed by the provision of those ICT services supporting critical or important functions by ICT third-party service providers, including the following:
  1. operational risks;
  2. legal risks;
  3. ICT risks;
  4. reputational risks;
  5. risks linked to the protection of confidential or personal data;
  6. risks linked to the availability of data;
  7. risks linked to the location where the data is processed and stored;
  8. risks linked to the location of the ICT third-party service provider;
  9. ICT concentration risks at entity level.