Digital Operational Resilience Act (DORA): Impact On The Funds Sector

CL
CMS Luxembourg
Contributor
Active in the Grand-Duchy since 2011, CMS Luxembourg combine a deep understanding of the local market with the global overview of the CMS network. Our 70+ lawyers specialise in Banking & Finance, Corporate/M&A, Investment Funds and Tax but are also able to assist our clients on Commercial, Dispute Resolution, Employment, Capital Markets, ESG as well as Insurance matters.
The Digital Operational Resilience Act (DORA) is a transformative force in the funds sector, reshaping the relationships between financial entities, financial markets and ICT...
Luxembourg Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com.

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. As 2024 stands as a pivotal year for DORA's implementation, 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:

  • 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


To view the full article click here

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Digital Operational Resilience Act (DORA): Impact On The Funds Sector

Luxembourg Finance and Banking
Contributor
Active in the Grand-Duchy since 2011, CMS Luxembourg combine a deep understanding of the local market with the global overview of the CMS network. Our 70+ lawyers specialise in Banking & Finance, Corporate/M&A, Investment Funds and Tax but are also able to assist our clients on Commercial, Dispute Resolution, Employment, Capital Markets, ESG as well as Insurance matters.
See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More