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Publication 19 Dec 2024 · Netherlands

Digital Operational Resilience Act (DORA): Impact on the funds sector

2 min read

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    The Digital Operational Resilience Act (DORA) is a transformative force in the funds sector, reshaping the relationships between financial entities, financial markets and ICT providers to achieve greater digital resilience. 2024 stands as a pivotal year for DORA’s implementation since the Act will come into effect in January 2025. Our CMS Funds experts are sharing insights on the challenges and key components of this transformation in our upcoming video series, covering the following key components:

    Key components

    • Background and objectives of DORA
    • Scope of DORA
    • Outsourcing of critical or important functions
    • What does digital operational resilience mean in practice?
    • What will change for regulated businesses in terms of internal governance?
    • Responsibility of the management of in-scope entities
    • Key contractual provisions in agreements with ICT third party service providers
    • ICT-related incident management
    • Entry into force and what regulated business should do until then
    • Next steps: delegated acts and review of DORA impacts by the Commission
    • UK legislation: Effect of DORA on UK financial entities
    • UK legislation: Critical Third Parties

    Watch Digital Operational Resilience Act (DORA) video series

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    Digital Operational Resilience Act (DORA)

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    2. DORA implementation plan

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