Art. 14

(Art. 13 FinMIA)

1. The strategy detailed in Article 13 paragraph 1 FinMIA must be enshrined in the company organisation and should regulate in particular:
   1. the tasks, responsibilities and powers;
   2. the frequency of the review of the business impact analysis in accordance with paragraph 2;
   3. reporting, communication and training.
2. The financial market infrastructure shall prepare a business impact analysis which sets out the recovery point objective and the recovery time objective for the business processes that are necessary for operations.
3. It shall set out the options for the recovery of the business processes that are necessary for operations.
4. The strategy detailed in Article 13 paragraph 1 FinMIA must be approved by the body responsible for governance, supervision and control.