European Union: Adopted Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement by Council of the European Union
Description
Adopted Regulation on digital operational resilience for the financial sector (DORA) including local operation requirement by Council of the European Union
On 28 November 2022, the Council of the European Union adopted the Digital Operational Resilience Act (DORA Regulation). The Regulation includes security requirements to mitigate the risks arising from the digital finance sector due to the emergence…
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