Article 2 Application à l’échelle d’un groupe

Summary What does Article 2 of the RTS on ICT third-party service provider policy say?

This is a notably brief article that deals specifically with group-level application of the regulation.

It connects directly to Article 1, extending the policy requirements established there to situations where the regulation applies on a consolidated or sub-consolidated basis.

In essence, it assigns responsibility to the parent undertaking to ensure the policy is applied consistently across all financial entities within the group.

Important points:

Where this regulation applies at group level, ensure the policy is implemented consistently across all financial entities within the group.
The obligation falls on the parent undertaking responsible for providing the consolidated or sub-consolidated financial statements.
The policy must be adequate for effective application of this regulation at all relevant levels of the group.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Lorsque le présent règlement s’applique sur une base consolidée ou sous-consolidée, l’entreprise mère chargée de fournir les états financiers consolidés ou sous-consolidés pour le groupe veille à ce que la politique soit mise en œuvre de manière cohérente dans toutes les entités financières faisant partie du groupe et à ce qu’elle soit adaptée à l’application effective du présent règlement à tous les niveaux pertinents du groupe.

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