ARTICLE
27 September 2023

DORA: IT Suppliers Into The Financial Services Sector Should Be Preparing

F
Fieldfisher

Contributor

Fieldfisher  logo

Fieldfisher is a European law firm known for its market-leading practices in technology, financial services, energy, and life sciences. With a focus on client collaboration, innovation, and social responsibility, the firm integrates cutting-edge legal technologies and provides tailored solutions. Fieldfisher’s global presence spans Europe, the US, China, and international partner firms, allowing seamless cross-border services. Recognized for excellence, Fieldfisher holds high rankings in dispute resolution, M&A, and IP, and has a strong commitment to environmental, social, and governance (ESG) leadership. The firm operates with over 1,800 professionals across 23 offices in 12 countries.

The EU's Digital Operational Resilience Act (DORA) is ushering in significant changes to the way financial firms and their suppliers must operate, and organisations have just over 12 months to become fully compliant.
United Kingdom Finance and Banking

The EU's Digital Operational Resilience Act (DORA) is ushering in significant changes to the way financial firms and their suppliers must operate, and organisations have just over 12 months to become fully compliant.

If you provide any form of digital or data service into the financial services sector, you are likely to be affected by the obligations under DORA. These include strict requirements to update contract terms and to engage in enhanced pre-contract due diligence.

In this fourth article of our series on DORA, we look at what IT suppliers into the financial services sector should be doing right now to ensure they are prepared for the regulation coming into force

DORA for IT suppliers

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More