(iv)

refraining from entering into a further subcontracting arrangement, where the following cumulative conditions are met: the envisaged subcontractor is an ICT third-party service provider or an ICT subcontractor established in a third country; the subcontracting concerns critical or important functions of the financial entity; and the Lead Overseer deems that the use of such subcontracting poses a clear and serious risk to the financial stability of the Union or to financial entities, including to the ability of financial entities to comply with supervisory requirements.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.