Regulatory Alerts2024-07-31
Added · Updated
Draft Regulatory Technical Standards on Subcontracting ICT Services under DORA
The European Supervisory Authorities have submitted Draft Regulatory Technical Standards to the European Commission to specify the assessment elements financial entities must determine when subcontracting ICT services supporting critical functions. This submission fulfills the mandate of Article 20(5) of Regulation (EU) 2022/2554 on Digital Operational Resilience for the Financial Sector following a public consultation process. The Malta Financial Services Authority issued this circular to inform stakeholders that the European Commission will now review the standards with the objective of adopting them in the coming months.
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