1) In case of any material changes to the subcontracting arrangements, the financial entity shall ensure, through the ICT contractual arrangement with its ICT third-party service provider, that it is informed with a sufficient advance notice period to assess the impact on the risks it is or might be exposed to, in particular where such changes might affect the ability of the ICT third-party service provider to meet its obligations under the contractual agreement, and with regard to changes considering the elements listed in Article 1.
2) The financial entity shall inform the ICT third-party service provider of its risk assessment results as referred to in paragraph 1) by the end of the notice period.
3) The financial entity shall require that the ICT third-party service provider implements the material changes only after the financial entity has either approved or not objected to the changes by the end of the notice period.
4) The financial entity shall have a right to request modifica
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