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EU DORA Del Reg – CTPP designation criteria

Sets out the critera to be used to assess whether an ICT third-party service provider is critical for financial entities. Utilizes a two-step test to identify those providers who are most critical.

Rule Overview

Jurisdiction: European Union

Regulator: ESMA

Topic: Resilience

Overview
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The assessment is to be targeted at the individual or group level as appropriate with subcontractors also evaluated.

The assessment criteria include:

  • Systemic impact on stability, continuity or qualify of the provision of financial services
  • Systemic character and importance of the ICT services
  • Criticality or importance of the functions
  • Degree of substitutability
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