Commission Delegated Regulation (EU) 2017/392Dangos y teitl llawn

Article 76 Strategy and policy

1. A CSD shall have a business continuity policy and associated disaster recovery plan that is:

(a) approved by the management body;

(b) subject to audit reviews that shall be reported to the management body.

2. A CSD shall ensure that the business continuity policy:

(a) identifies all its critical operations and IT systems and provides for a minimum service level to be maintained for those operations;

(b) includes the CSD's strategy and objectives to ensure the continuity of operations and systems referred to in point (a);

(c) takes into account any links and interdependencies to at least:

(i)

users;

(ii)

critical utilities and critical service providers;

(iii)

other CSDs;

(iv)

other market infrastructures;

(d) defines and documents the arrangements to be applied in the event of a business continuity emergency or major disruption of the CSD's operations in order to ensure a minimum service level of critical functions of the CSD;

(e) identifies the maximum acceptable period of time which critical functions and IT systems may be out of use.

3. A CSD shall take all reasonable steps to ensure that settlement is completed by the end of the business day even in case of a disruption, and that all the users' positions at the time of the disruption are identified with certainty in a timely manner.