SIO-11.2.4
Where stablecoin issuers have entered in an arrangement with third party entities for operating the reserve assets, and for the investment of the reserve assets or for the custody of the reserve assets, they must include in their recovery plan a clear and detailed description of the processes established to exchange information in a way that would ensure the timely activation of the escalation process laid down in Paragraph SIO-11.2.10 in case a breach of recovery plan indicators is detected, either by the stablecoin issuer or by the relevant third party entity. A stablecoin issuer must also specify in the recovery plan how the agreement with any of those third parties ensures the information is timely shared in a way that would allow the stablecoin issuer to be aware of the breach or to acknowledge that the breach is likely to occur in the near future so that the plan can be activated in a timely manner.