Article 35Powers of the Lead Overseer

1. For the purposes of carrying out the duties laid down in this Section, the Lead Overseer shall have the following powers in respect of the critical ICT third-party service providers:

(a)

to request all relevant information and documentation in accordance with Article 37;

(b)

to conduct general investigations and inspections in accordance with Articles 38 and 39, respectively;

(c)

to request, after the completion of the oversight activities, reports specifying the actions that have been taken or the remedies that have been implemented by the critical ICT third-party service providers in relation to the recommendations referred to in point (d) of this paragraph;

(d)

to issue recommendations on the areas referred to in Article 33(3), in particular concerning the following:

(i)

the use of specific ICT security and quality requirements or processes, in particular in relation to the roll-out of patches, updates, encryption and other security measures which the Lead Overseer deems relevant for ensuring the ICT security of services provided to financial entities;

(ii)

the use of conditions and terms, including their technical implementation, under which the critical ICT third-party service providers provide ICT services to financial entities, which the Lead Overseer deems relevant for preventing the generation of single points of failure, the amplification thereof, or for minimising the possible systemic impact across the Union’s financial sector in the event of ICT concentration risk;

(iii)

The article continues in the official text.