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DORA: More than meets the eye…

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Photo: Heritage Art/Heritage Images/Getty Images

A look at how DORA will bring change in practical terms, including reach and extraterritoriality.

The Digital Operational Resilience Act, or Regulation (EU) 2022/2554 of the European Parliament and of the Council of December 14, 2022 on digital operational resilience for the financial sector (DORA) will have wide-ranging impacts on in-scope financial entities across the EU, including:

  1. credit institutions;
  2. payment institutions and electronic money institutions;
  3. investment firms;
  4. AIFMs