European Union: Reached provisional agreement between European Parliament and Council on Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement
Description
Reached provisional agreement between European Parliament and Council on Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement
On 10 May 2022, the European Parliament and the Council of the European Union announced that a provisional agreement on Digital Operational Resilience Act (DORA) Proposal was reached. The Proposal includes security requirements to mitigate the risks…
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