The target date of 17 January 2025 has by now become synonymous
with compliance by financial firms with Regulation (EU) 2022/2554
and Amending Directive (EU) 2022/2556 on Digital Operational
Resilience for the Financial Sector
("DORA" and the "Amending
Directive").
DORA applies to EU financial firms (the umbrella term
"financial entities" is used), such as banks, insurance
companies, payment and e-money institutions and investment firms
and to third party service providers of ICT services which contract
with these financial entities. DORA also captures providers of
critical information to the financial services sector such as
credit rating, critical benchmarking and data reporting services as
well as financial market infrastructure providers such as central
securities depositories, central counterparties and trading
venues.1
