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ARTICLE · 05 FEBRUARY 2024

What DORA Means For Fund Managers

Goodwin Procter LLP
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"DORA" stands for the Digital Operational Resilience Act, an EU regulation that creates a new framework for the EU financial sector with regard to information and communications technology (ICT).

European UnionFinance and Banking
Alexandrine Armstrong-Cerfontaine
Alexandrine Armstrong-Cerfontaine
Adelina Popescu
Adelina Popescu

Q: What is DORA?
"DORA" stands for the Digital Operational Resilience Act, an EU regulation that creates a new framework for the EU financial sector with regard to information and communications technology (ICT).

DORA is a part of the digital finance package, adopted by the European Commission on 24 September 2020.

This package includes a digital finance strategy and legislative proposals on crypto assets and digital resilience for a competitive EU financial sector that gives consumers access to innovative financial products while ensuring consumer protection and financial stability with an effective supervisory framework to tackle potential vulnerabilities. The package supports the European Union's ambition for a recovery that embraces the digital transition. Digital financial services can help modernize the European economy across sectors and turn Europe into a global digital player.

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