With the EU’s Digital Operational Resilience Act (DORA) set to take effect on January 17, 2025, it is crucial to understand the scope of the act and which companies fall within it. This article explores the reach of DORA and the specific legal definitions of financial entities it covers, such as credit institutions, investment firms, and payment institutions, referencing relevant European regulations and directives. Finally, the article highlights the importance of determining whether a firm meets DORA’s criteria to ensure compliance.
The full article can be viewed on Lexology.and Mondaq.
For more information, please reach out to Emilios Charalambous and Michael Ioannou at Elias Neocleous & Co LLC
