Regulatory Alerts2024-07-17
Final Report on Joint Guidelines on oversight cooperation and information exchange between ESAs and competent authorities under DORA
The European Supervisory Authorities issued final guidelines to establish detailed procedures for cooperation and information exchange between themselves and national competent authorities regarding the oversight of critical ICT third-party service providers under DORA. These guidelines mandate specific protocols for task allocation, secure communication channels, and timelines to ensure a coordinated supervisory approach that avoids duplication and maintains financial stability. Competent authorities are required to notify their respective ESA of compliance within two months of publication, with the guidelines applying from January 2025.
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