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There is less than five months until the EU’s Digital Operational Resilience Act (DORA) will be applied and it’s poised to significantly impact the landscape for regulated funds, warns Ocorian, market leader in fund, corporate, capital market, private client, and regulatory compliance services.
DORA will impact the EU financial sector and its service providers, as well as companies and entities outside the EU that provide services or do business with any financial market participants within the EU. Ocorian warns asset managers who haven’t started preparing for DORA to take action now or risk potential penalties of up to €100 million or 5% of their company’s annual turnover from 17th January 2025.
The regulation, part of the Digital Finance...
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