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By Vincent WELLENS, avocat à la Cour, Ottavio COVOLO, avocat à la Cour, Garance DIACONO, avocat, NautaDutilh Avocats Luxembourg S.à r.l.
As the financial industry is closing in closer to the entry into application of the European Digital Operational Resilience Act (DORA) on 17 January 2025, stakeholders but also regulators are putting resources in order to be ready for that date. Indeed, the European Supervisory Authorities – the ESMA, EIOPA and the EBA – (ESAs) have over the summer published the finalised version of the last missing draft regulatory and technical standards (RTS) from the two batches of policy products which were open for consultation by the industry in 2023.
Now that financial entities are turning their attention away...
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