The Digital Operational Resilience Act (DORA), a landmark regulation focusing on resilience in the financial sector, will come into full effect on January 17, 2025. The Central Bank of Cyprus (CBC) has reminded all licensed financial entities of the approaching implementation deadline. This follows an announcement from the European Supervisory Authorities (ESA), emphasizing the importance of meeting DORA’s compliance requirements and providing high-level guidance on key areas.
In our latest article, we offer last-minute tips for financial entities to ensure compliance with DORA’s regulatory standards.