Regulatory Alerts2023-01-04
Added · Updated
Regulation (EU) 2022/2554 and Amending Directive (EU) 2022/2556 on Digital Operational Resilience for the Financial Sector
Regulation (EU) 2022/2554 and Amending Directive (EU) 2022/2556 entered into force on 16 January 2023 and apply from 17 January 2025. The Regulation introduces directly applicable requirements for financial entities regarding ICT risk management, incident classification and reporting, digital operational resilience testing, and ICT third-party risk management. Member States must adopt measures to comply with the Amending Directive by 17 January 2025. The Authority recommends that Authorised Persons begin preparations to ensure compliance with these novel cross-sectoral requirements.
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