European Union: Passage by European Parliament of Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement
Description
Passage by European Parliament of Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement
On 10 November 2022, the European Parliament passed the Digital Operational Resilience Act (DORA). The Proposal includes security requirements to mitigate the risks arising from the digital finance sector due to the emergence of decentralised financ…
Scope
Policy Area
Other operating conditions
Policy Instrument
Local operations requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), DLT development, infrastructure provider: cloud computing, storage and databases
Implementation Level
supranational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2020-09-24
under deliberation
2021-11-24
under deliberation
2021-12-07
under deliberation
2022-05-10
under deliberation
2022-11-10
under deliberation
2022-11-28
adopted
2023-01-16
in grace period