Relevance of major incidents to competent authorities in other Member States
Article 11
Open ↗The assessment of whether the major incident is relevant for competent authorities in other Member States as referred to in Article 19(7) of Regulation (EU) 2022/2554 shall be based on whether the incident has a root cause originating from another Member State or whether the incident has or has had a significant impact in another Member State in relation to any of the following: (a) clients or financial counterparts; (b) a branch of the financial entity or another financial entity within the group; (c) a financial market infrastructure or a third-party provider which may affect financial entities to which they provide services.