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EU DORA RTS – third party contractual arrangements – Art 4

Outlines the requirements for each main phase of the lifecycle for of a contractual arrangement with a third party.

Rule Overview

Jurisdiction: European Union

Regulator: ESMA

Topic: Resilience, Business Continuity

EUR-Lex (EU) 2024/1773
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The policy must cover at least the following:

Art 4(a)
The responsibilities of the management body including its involvement in the decision-making process
Art 4(b)
The planning of contractual arrangements including risk assessment, due diligence and process for material changes
Art 4(c)
The involvement of business units, internal controls and other relevants parts of the business
Art 4(d)
The implementation, monitoring and management of contractual arrangements
Art 4(e)
Documentation and record-keeping requirements
Art 4(f)
Exit strategies and termination processes
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