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Digital Operational Resilience Act (DORA)

Does DORA apply to me?

If you fall under any of the below then DORA is most likely applicable to you, subject to certain exemptions:

ICT Service Providers – any undertaking that provides ICT systems and services to financial entities on an ongoing basis, including hardware as a service, as well as hardware services that incorporate technical support through means of software or firmware update.

Financial entities – this includes a vast range of entities, including:

  • Credit institutions
  • Account information service providers
  • Investment firms
  • AIFMS
  • Cryptoasset service providers
  • Payment institutions
  • Central securities depositories
  • Credit rating agencies
  • Data reporting service providers
  • Insurance and reinsurance undertakings
  • Insurance intermediaries

Is your organisation well prepared for DORA?

The ‘Digital Operational Resilience Act’ or DORA (Regulation (EU) 2022/2554) seeks to enhance and improve ICT operational risk requirements across various financial sectors. What was once a piecemeal approach scattered amongst various laws is now being consolidated into one singular EU regulation. It will become applicable as of 17th January 2025.

If you think that DORA is applicable to you please ask for our assistance

Mamo TCV Advocates - DORA Services

UNDERSTANDING DORA

DORA at a glance

The financial sector is increasingly dependent on technology and on tech companies to deliver financial services. This makes financial entities vulnerable to cyber-attacks or incidents.

When not managed properly, ICT risks can lead to disruptions of financial services offered across borders. This in turn, can have an impact on other companies, sectors and even on the rest of the economy, which underlines the importance of the digital operational resilience of the financial sector.

This is where the Digital Operational Resilience Act, or DORA, comes into play.

WHAT WE BELIEVE IN

How can we help?

Our Reputation

Mamo TCV Advocates is a leading Maltese law firm with years of experience in the field of technology law. With clients ranging from world-famous multinational IT companies to individual service providers we can provide your organisation practical advice regardless of the situation you are in.

DORA Compliance

Over the past years we have carried out several legal audits and training sessions for our diverse portfolio of clients and we are now assisting clients with their various new DORA-related legal obligations. From rules relating to direct marketing to data retention obligations, we have you covered.

What we Offer

  • Assistance with identifying applicability of DORA.
  • Negotiation, vetting and amending of contracts between key stakeholders to ensure DORA compliance.
  • Assistance with reporting obligations.
  • Provision of comprehensive expert legal advice to facilitate compliance.

Key Contacts

Claude Micallef Grimaud
Antoine Camilleri

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