Compliance Briefing — EU Digital Operational Resilience Act Published
The Digital Operational Resilience Act (DORA) was published in the EU Official Journal on 27 December 2022, setting uniform ICT risk, testing, and third-party oversight rules for financial entities ahead of a 2025 application date.
On 27 December 2022 the EU’s Digital Operational Resilience Act (Regulation (EU) 2022/2554) appeared in the Official Journal, starting the clock toward its 17 January 2025 applicability. DORA harmonizes ICT risk management for banks, insurers, investment firms, and critical service providers, requiring incident classification and reporting, threat-led penetration testing, and oversight of critical ICT third-party providers.
Firms must establish governance for ICT risk, maintain resilient operations plans, and prepare to provide regulators with extensive incident telemetry and testing evidence. Vendor managers and CISOs should map critical suppliers, contract clauses, and testing schedules to DORA’s requirements well before the compliance deadline.
- Regulation (EU) 2022/2554 provides the full DORA text and applicability date.
- European Commission overview summarizes scope, supervisory expectations, and third-party oversight plans.
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