DORA is now live, without any transitional provision.
A wide range of rules applicable for managing ICT risks, including risks linked to ICT third-party service providers, applies from today. DORA applies to nearly all financial entities in the EU, with very few exemptions for smaller institutions. For the first time, it also covers major unregulated
This Friday (17 January) the EU Digital Operational Resilience Act, DORA, comes into force and, unusual for EU legislation, there are no transitional provisions meaning the legislation comes into effect immediately.
The European Securities and Markets Authority has already warned that financial entities should identify and address gaps between their internal set ups and DORA’s
In this latest episode of our EMEA regulatory insights series colleagues from Brussels, Netherlands, Germany, France and Luxembourg provide their thoughts and insights on what 2024 holds from a financial services regulatory perspective.
The podcast can be found here.