European Union: Announced Council of EU general approach on Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement
Description
Announced Council of EU general approach on Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement
On 24 November 2021, the Council of the European Union adopted its general approach on the Proposal on Digital Operational Resilience Act (DORA). The Proposal includes security requirements to mitigate the risks arising from the digital finance sect…
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
executive
Government Body
central government
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