DORA
Data & Privacy
- Data Act
- Data Governance Act
- ePrivacy Directive
- GDPR
AI & Trust
- Artificial Intelligence Act
Cybersecurity
- Cybersecurity Act
- DORA
- NIS2
Digital Services & Media
- Digital Markets Act
- Digital Services Act
- European Media Freedom Act
Digital Operational Resilience Act
- Recitals
CHAPTER I
General provisionsArticles 1 — 4
CHAPTER II
ICT risk managementArticles 5 — 16
CHAPTER III
ICT-related incident management, classification and reportingArticles 17 — 23
CHAPTER IV
Digital operational resilience testingArticles 24 — 27
CHAPTER V
Managing of ICT third-party riskArticles 28 — 44
CHAPTER VI
Information-sharing arrangementsArticles 45 — 45
CHAPTER VII
Competent authoritiesArticles 46 — 56
CHAPTER VIII
Delegated actsArticles 57 — 57
CHAPTER IX
Transitional and final provisionsArticles 58 — 64
DORA
DORA Article 60. Amendments to Regulation (EU) No 648/2012
- Regulation (EU) No 648/2012 is amended as follows:
- (1)Article 26 is amended as follows:
(a)
paragraph 3 is replaced by the following:‘3. A CCP shall maintain and operate an organisational structure that ensures continuity and orderly functioning in the performance of its services and activities. It shall employ appropriate and proportionate systems, resources and procedures, including ICT systems managed in accordance with Regulation (EU) 2022/2554 of the European Parliament and of the Council.(b)
paragraph 6 is deleted;
- (2)Article 34 is amended as follows:
(a)
paragraph 1 is replaced by the following:‘1. A CCP shall establish, implement and maintain an adequate business continuity policy and disaster recovery plan, which shall include ICT business continuity policy and ICT response and recovery plans put in place and implemented in accordance with Regulation (EU) 2022/2554, aiming to ensure the preservation of its functions, the timely recovery of operations and the fulfilment of the CCP’s obligations.’;(b)
in paragraph 3, the first subparagraph is replaced by the following:‘3. In order to ensure consistent application of this Article, ESMA shall, after consulting the members of the ESCB, develop draft regulatory technical standards specifying the minimum content and requirements of the business continuity policy and of the disaster recovery plan, excluding ICT business continuity policy and disaster recovery plans.’;
- (3)in Article 56(3), the first subparagraph is replaced by the following: ‘3. In order to ensure consistent application of this Article, ESMA shall develop draft regulatory technical standards specifying the details, other than for requirements related to ICT risk management, of the application for registration referred to in paragraph 1.’;
- (4)in Article 79, paragraphs 1 and 2 are replaced by the following: ‘1. A trade repository shall identify sources of operational risk and minimise them also through the development of appropriate systems, controls and procedures, including ICT systems managed in accordance with Regulation (EU) 2022/2554. 2. A trade repository shall establish, implement and maintain an adequate business continuity policy and disaster recovery plan including ICT business continuity policy and ICT response and recovery plans established in accordance with Regulation (EU) 2022/2554, aiming to ensure the maintenance of its functions, the timely recovery of operations and the fulfilment of the trade repository’s obligations.’;
- (5)in Article 80, paragraph 1 is deleted.
- (6)in Annex I, Section II is amended as follows:
(a)
points (a) and (b) are replaced by the following:‘(a)a trade repository infringes Article 79(1) by not identifying sources of operational risk or by not minimising those risks through the development of appropriate systems, controls and procedures including ICT systems managed in accordance with Regulation (EU) 2022/2554;(b)a trade repository infringes Article 79(2) by not establishing, implementing or maintaining an adequate business continuity policy and disaster recovery plan established in accordance with Regulation (EU) 2022/2554, aiming to ensure the maintenance of its functions, the timely recovery of operations and the fulfilment of the trade repository’s obligations;’;(b)
point (c) is deleted.
- (7)Annex III is amended as follows:
(a)
Section II is amended as follows:(i)point (c) is replaced by the following:‘(c)a Tier 2 CCP infringes Article 26(3) by not maintaining or operating an organisational structure that ensures continuity and orderly functioning in the performance of its services and activities or by not employing appropriate and proportionate systems, resources or procedures including ICT systems managed in accordance with Regulation (EU) 2022/2554;’;(ii)point (f) is deleted.(b)
in Section III, point (a) is replaced by the following:‘(a)a Tier 2 CCP infringes Article 34(1) by not establishing, implementing or maintaining an adequate business continuity policy and response and recovery plan set up in accordance with Regulation (EU) 2022/2554, aiming to ensure the preservation of its functions, the timely recovery of operations and the fulfilment of the CCP’s obligations, which at least allows for the recovery of all transactions at the time of disruption to allow the CCP to continue to operate with certainty and to complete settlement on the scheduled date;’.
Relevant Recitals for this Article
Consequently, the scope of the relevant articles related to operational risk, upon which empowerments laid down in Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014, and (EU) 2016/1011 had mandated the adoption of delegated and implementing acts, should be narrowed down with a view to carry over into this Regulation all provisions covering the digital operational resilience aspects which today are part of those Regulations.