Strategy and policy
Article 76
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.