Contents
2.The application for authorisation shall contain the names and contact details of all third-party service providers that the applicant issuer intends to conclude or has concluded arrangements with for operating the reserve of assets, and for the investment of the reserve assets, the custody of the reserve assets and, where applicable, the distribution of the asset-referenced tokens to the public as referred to in Article 34(5) of Regulation (EU) 2023/1114, and a description of such third-party arrangements, including all of the following:
(a)the rationale for the use of a third-party service provider to support or perform critical or important functions;
(b)the location of the third-party service provider and where applicable the location where the data are stored or processed;
(c)the human, financial and technical resources of the third-party service provider related to critical or important functions;
(d)the applicant issuer’s internal control system for monitoring and managing the arrangement with the third-party provider;
(e)the business continuity plans in the event that the third-party service provider cannot provide continuity of service;
(f)the content of the contractual arrangements regarding the obligation to ensure information access and inspection and audit rights to both the applicant issuer and the competent authority;
(g)the reporting line to the management body.
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