DORA011 - Thresholds of Micro, Small and Medium enterprises
Is it possible for an entity to have two different size classifications – one under DORA and one under Commission Recommendation 2002/361/EC?
Is it possible for an entity to have two different size classifications – one under DORA and one under Commission Recommendation 2002/361/EC?
The European Banking Authority (EBA) today published its updated final draft implementing technical standards (ITS) on resolution planning reporting. This comprehensive review of the ITS on the provision of information for the purposes of resolution plans seeks to achieve full harmonisation of reporting requirements in the EU and avoid duplication of data requests, thus reducing the cost of compliance with resolution planning reporting obligations by institutions. Proportionality has been a key driver of this regulatory product.
What is the level of engagement required for an ICT service to be considered as “support[ing] critical or important functions”?
Is the term “critical or important function” as defined in DORA to be understood as being equivalent to “critical or important functions or activities” under the Solvency II regime? If not, which functions are to be considered as critical or important for insurance companies?
Which alternative investment fund managers (AIFMs) are captured within the scope of application of DORA under Articles 2(1)(k) and 2(3)(a) of DORA?
Based on the definition of DORA Article 3(21), what types of services should be considered ICT services?