RELEVANCE OF MAJOR INCIDENTS TO COMPETENT AUTHORITIES IN OTHER MEMBER STATES AND DETAILS OF REPORTS TO BE SHARED WITH OTHER COMPETENT AUTHORITIES

Article 11Relevance of major incidents to competent authorities in other Member States

The assessment of whether the major incident is relevant for competent authorities in other Member States as referred to in Article 19(7) of Regulation (EU) 2022/2554 shall be based on whether the incident has a root cause originating from another Member State or whether the incident has or has had a significant impact in another Member State in relation to any of the following:

• (a)

  clients or financial counterparts;

• (b)

  a branch of the financial entity or another financial entity within the group;

• (c)

  a financial market infrastructure or a third-party provider which may affect financial entities to which they provide services.

Article 12Details of major incidents to be shared with other competent authorities

The details of major incidents to be submitted by competent authorities to other competent authorities in accordance with Article 19(6) of Regulation (EU) 2022/2554 and the notifications to be submitted by EBA, ESMA or EIOPA and the ECB to the relevant competent authorities in other Member States in accordance with Article 19(7) of that Regulation shall contain the same level of information, without any anonymisation, as the notifications and reports of major incidents received from financial entities in accordance with Article 19(4) of Regulation (EU) 2022/2554.