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Article 10 Remediation plan

Closed
4 March 2024

(1) Within 16 weeks from the ending of the active red team testing phase, the financial entity shall provide the remediation plans referred to in Article 26(6) of Regulation (EU) 2022/2554 to the TLPT authority and, where different, to the financial entity's competent authority.

(2) The remediation plan referred in paragraph 1 shall include, for each finding occurred in the framework of the TLPT:

a. a description of the identified shortcomings;

b. a description of the proposed remediation measures and of their prioritisation and expected completion, including where relevant measure to improve the identification, protection, detection and response capabilities;

c. a root cause analysis;

d. the financial entity's staff or functions responsible for the implementation of the proposed remediation measures or improvements;

e. the risks associated to not implementing the measures referred to in point (b) and, where relevant, risks associated to the implementation of such measures.

(3) In case

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