The EU’s Digital Resilience Act - known as DORA - comes into effect next month - ESMA

Security Boulevard notes that firms have less than two months to comply with DORA.

With the EU’s Digital Operational Resilience Act (DORA) coming into effect next month, financial services firms in the EU are updating processes, policies and provisions to comply with the new regulation.

Meanwhile, PwC highlights in International Banker (PwC) the challenge of updating ICT contracts under DORA’s requirements.

As part of TPRM, DORA stipulates that all ICT contracts must contain specific baseline contract terms. There are also more onerous additional requirements for contracts supporting critical or important functions (CIFs).

Dora’s complex implications for asset managers - funds europe