On 27 December 2022, Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA) was published in the Official Journal of the European Union. DORA aims to ensure digital operational resilience in the financial sector in the event of failures.
The regulation is part of the EU Commission’s wider ‘Digital Finance Package’, which includes two other pieces of legislation: the proposal for the MiCA regulation on market in crypto-assets and Regulation (EU) 2022/858 regulating the pilot regime for market infrastructures based on distributed ledger technology (DLT), as well as the necessary amendments to existing directives.
