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ARTICLE · 20 DECEMBER 2024

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Harmonising Resilience: Understanding DORA's Role Within The EU's Cybersecurity Framework

GTG Legal
GTG Legal
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GTG Legal

GTG Legal

Since its founding in 1997, GTG has been at the forefront of Malta’s legal profession, blending...

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The Digital Operational Resilience Act (DORA) (Regulation (EU) 2022/2554) entered into force on 16th January 2023 and its application date is only a month away...

MaltaFinance and Banking
Cherise Abela Grech
Cherise Abela Grech

Chartering DORA Compliance: A Guide for Financial Entities

The Digital Operational Resilience Act (DORA) (Regulation (EU) 2022/2554) entered into force on 16th January 2023 and its application date is only a month away, with financial entities expected to be compliant as from 17th January 2025.

In Malta, the Malta Financial Services Authority (MFSA) has been designated as the competent authority in relation to DORA.

Who is captured by DORA?

DORA brings harmonised rules relating to operational resilience for the financial sector applying to 20 different types of financial entities, including credit and financial institutions, investment firms, crypto-asset service providers (CASPs), AIFMs, insurance and reinsurance undertakings and intermediaries, data reporting service providers and crowdfunding service providers.

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