The Luxembourg rules on the use of information and communication technology in the finance sector, once very country-specific, will soon change significantly as the result of an EU-led initiative aimed at harmonising rules across the region.
DORA stands for "Digital Operational Resilience Act" and its main objective is to provide for a single set of reinforced and overarching rules for financial entities concerning the use of ICT. The final adoption of the regulation is expected before the end of this year.
Read more about Dora's scope and the main changes it will bring in our article published in the October edition of AGEFI Luxembourg, written by Vincent Wellens and Lindsay Korytko.
Source: Agefi - October 2022