Prepare for EU’s new Regulation on Cybersecurity and Operational Resilience in the Financial Sector
24 January 2023
Dear clients and friends,
The EU has enacted the new Regulation on Digital Operational Resilience for the Financial Sector (“Digital Operational Resilience Act” or “DORA“).
The new regulation will start to apply from 17 January 2025. Although the application date of DORA may seem as distant, the 24-months period given to covered businesses to comply is relatively tight, considering the significant amount of new regulatory requirements.
To assist covered businesses to already start getting acquainted with DORA’s provisions and take actions to adequately prepare for compliance with its new obligations, we are pleased to present our quick guidance for DORA. The guidance provides a general overview of DORA’s key regulatory requirements and the practical next steps that should be taken.
Feel free to contact us with any further questions or comments regarding the effect and implications of DORA, and how it may affect your compliance efforts.
To read the full guidance >> click here
Please feel free to contact us if you have any question.
Ariel Yosefi| Partner
Head of Technology & eCommerce Regulation