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Digital Operational Resilience Act
The Digital Operational Resilience Act (DORA), officially Regulation (EU) 2022/2554 is a Regulation (European Union), European Union regulation. It requires financial entities to improve their digital operational resilience. Aim DORA aims to improve the digital operational resilience of financial entities in the EU and their Information_and_communications_technology, ICT suppliers and create a uniform regulatory framework across the EU, in order to reduce the susceptibility to cyber threats across the entire value chain of the financial sector. In addition, DORA intends to harmonize national regulations regarding the security of IT systems in the financial sector, thus strengthening the European financial market as a whole against cyber risks and information and communications technology incidents. Scope The regulation applies to financial entities and third-party suppliers of ICT services. Article 2 defines financial entities as: * Account information service providers * Admi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulation (European Union)
A regulation is a legal act of the European Union which becomes immediately enforceable as law in all Member state of the European Union, member states simultaneously. Regulations can be distinguished from directive (European Union), directives which, at least in principle, need to be Transposition (law), transposed into national law. Regulations can be adopted by means of a variety of European Union legislative procedure, legislative procedures depending on their subject matter. Despite their name, Regulations are primary legislation rather than Delegated legislation, regulatory delegated legislation; as such, they are often described as "Acts" (e.g. the Digital Services Act). Description The description of regulations can be found in Article 288 of the Treaty on the Functioning of the European Union (formerly Article 249 Treaty establishing the European Community, TEC). Article 288 To exercise the Union's competences, the institutions shall adopt regulations, directives, decis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |