Article 21: Centralisation of reporting of major ICT-related incidents

1. The ESAs, through the Joint Committee, and in consultation with the ECB and ENISA, shall prepare a joint report assessing the feasibility of further centralisation of incident reporting through the establishment of a single EU Hub for major ICT-related incident reporting by financial entities. The joint report shall explore ways to facilitate the flow of ICT-related incident reporting, reduce associated costs and underpin thematic analyses with a view to enhancing supervisory convergence.

2. The joint report referred to in paragraph 1 shall comprise at least the following elements:

(a)

prerequisites for the establishment of a single EU Hub;

(b)

benefits, limitations and risks, including risks associated with the high concentration of sensitive information;

(c)

the necessary capability to ensure interoperability with regard to other relevant reporting schemes;

(d)

elements of operational management;

(e)

conditions of membership;

(f)

technical arrangements for financial entities and national competent authorities to access the single EU Hub;