Risk management framework

Preamble (Recitals 1 – 30)

Recitals

Title I (Article 1)

General principle

Article 1

Overall risk profile and complexity

Title II (Articles 2 – 27)

Further harmonisation of ICT risk management tools, methods, processes, and policies in accordance with Article 15 of Regulation (EU) 2022/2554

Chapter I (Articles 2 – 18)

ICT security policies, procedures, protocols, and tools

Section 1

Article 2

General elements of ICT security policies, procedures, protocols, and tools

Section 2

Article 3

ICT risk management

Section 3

ICT asset management

Article 4

ICT asset management policy

Article 5

ICT asset management procedure

Section 4

Encryption and cryptography

Article 6

Encryption and cryptographic controls

Article 7

Cryptographic key management

Section 5

ICT operations security

Article 8

Policies and procedures for ICT operations

Article 9

Capacity and performance management

Article 10

Vulnerability and patch management

Article 11

Data and system security

Article 12

Logging

Section 6

Network security

Article 13

Network security management

Article 14

Securing information in transit

Section 7

ICT project and change management

Article 15

ICT project management

Article 16

ICT systems acquisition, development, and maintenance

Article 17

ICT change management

Section 8

Article 18

Physical and environmental security

Chapter II (Articles 19 – 21)

Human resources policy and access control

Article 19

Human resources policy

Article 20

Identity management

Article 21

Access control

Chapter III (Articles 22 – 23)

ICT-related incident detection and response

Article 22

ICT-related incident management policy

Article 23

Anomalous activities detection and criteria for ICT-related incidents detection and response

Chapter IV (Articles 24 – 26)

ICT business continuity management

Article 24

Components of the ICT business continuity policy

Article 25

Testing of the ICT business continuity plans

Article 26

ICT response and recovery plans

Chapter V (Article 27)

Report on the ICT risk management framework review

Article 27

Format and content of the report on the review of the ICT risk management framework

Title III (Articles 28 – 41)

Simplified ICT risk management framework for financial entities referred to in Article 16(1) of Regulation (EU) 2022/2554

Chapter I (Articles 28 – 32)

Simplified ICT risk management framework

Article 28

Governance and organisation

Article 29

Information security policy and measures

Article 30

Classification of information assets and ICT assets

Article 31

ICT risk management

Article 32

Physical and environmental security

Chapter II (Articles 33 – 38)

Further elements of systems, protocols, and tools to minimise the impact of ICT risk

Article 33

Access Control

Article 34

ICT operations security

Article 35

Data, system and network security

Article 36

ICT security testing

Article 37

ICT systems acquisition, development, and maintenance

Article 38

ICT project and change management

Chapter III (Articles 39 – 40)

ICT business continuity management

Article 39

Components of the ICT business continuity plan

Article 40

Testing of business continuity plans

Chapter IV (Article 41)

Report on the review of the simplified ICT risk management framework

Article 41

Format and content of the report on the review of the simplified ICT risk management framework

Title IV (Article 42)

Final provisions

Article 42

Entry into force

Article 4 ICT asset management policy

  1. As part of the ICT security policies, procedures, protocols, and tools referred to in Article 9(2) of Regulation (EU) 2022/2554, financial entitiesas defined in Article 2, points (a) to (t) shall develop, document, and implement a policy on management of ICT assetsa software or hardware asset in the network and information systems used by the financial entity.

  2. The policy on management of ICT assetsa software or hardware asset in the network and information systems used by the financial entity referred to in paragraph 1 shall:

    1. prescribe the monitoring and management of the lifecycle of ICT assetsa software or hardware asset in the network and information systems used by the financial entity identified and classified in accordance with Article 8(1) of Regulation (EU) 2022/2554;

    2. prescribe that the financial entity keeps records of all of the following:

      1. the unique identifier of each ICT asseta software or hardware asset in the network and information systems used by the financial entity;

      2. information on the location, either physical or logical, of all ICT assetsa software or hardware asset in the network and information systems used by the financial entity;

      3. the classification of all ICT assetsa software or hardware asset in the network and information systems used by the financial entity, as referred to in Article 8(1) of Regulation (EU) 2022/2554;

      4. the identity of ICT asseta software or hardware asset in the network and information systems used by the financial entity owners;

      5. the business functions or services supported by the ICT asseta software or hardware asset in the network and information systems used by the financial entity;

      6. the ICT business continuity requirements, including recovery time objectives and recovery point objectives;

      7. whether the ICT asseta software or hardware asset in the network and information systems used by the financial entity can be or is exposed to external networks, including the internet;

      8. the links and interdependencies among ICT assetsa software or hardware asset in the network and information systems used by the financial entity and the business functions using each ICT asseta software or hardware asset in the network and information systems used by the financial entity;

      9. where applicable, for all ICT assetsa software or hardware asset in the network and information systems used by the financial entity, the end dates of the ICT third-party service provider’s regular, extended, and custom support services after which those ICT assetsa software or hardware asset in the network and information systems used by the financial entity are no longer supported by their supplier or by an ICT third-party service provideran undertaking providing ICT services;

    3. for financial entitiesas defined in Article 2, points (a) to (t) other than microenterprisesa financial entity, other than a trading venue, a central counterparty, a trade repository or a central securities depository, which employs fewer than 10 persons and has an annual turnover and/or annual balance sheet total that does not exceed EUR 2 million, prescribe that those financial entitiesas defined in Article 2, points (a) to (t) keep records of the information necessary to perform a specific ICT riskany reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment assessment on all legacy ICT systemsan ICT system that has reached the end of its lifecycle (end-of- life), that is not suitable for upgrades or fixes, for technological or commercial reasons, or is no longer supported by its supplier or by an ICT third-party service provider, but that is still in use and supports the functions of the financial entity referred to in Article 8(7) of Regulation (EU) 2022/2554.

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