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

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

Key contacts

Aurélia Viémont
Partner | Avocat à la Cour
Luxembourg
T +35226275354
Julia Bruzzese
Partner | Avocat
Luxembourg
T +35226275397
Ricardo Plasencia
Partner
Madrid
T +34 91 187 1913
Benoît Vandervelde
Partner
Brussels
T +32 2 743 69 20
Clair Wermers
Partner
Advocaat
Amsterdam
T +31 20 3016 423
Sarah Hantscher
Senior Associate | Avocat à la Cour
Luxembourg
T +35226275366