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Version date: 25 February 2019 - onwards

13.1 Sub-outsourcing of critical or important functions (paras. 76-80)

76. The outsourcing agreement should specify whether or not sub-outsourcing of critical or important functions, or material parts thereof, is permitted.

77. If sub-outsourcing of critical or important functions is permitted, institutions and payment institutions should determine whether the part of the function to be sub-outsourced is, as such, critical or important (i.e. a material part of the critical or important function) and, if so, record it in the register.

78. If sub-outsourcing of critical or important functions is permitted, the written agreement should:

a. specify any types of activities that are excluded from sub-outsourcing;

b. specify the conditions to be complied with in the case of sub-outsourcing;

c. specify that the service provider is obliged to oversee those services that it has sub-contracted to ensure that all contractual obligations between the service provider and the institution or payment institution are continuously met;

d. require the service provider to obt

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