Digital Operational Resilience Act Articles (Proposal)

The Articles (Proposal) of the Digital Operational Resilience Act

Digital Operational Resilience Act (DORA), Article 39, International cooperation.

1. EBA, ESMA and EIOPA may, in accordance with Article 33 of Regulations (EU) No 1093/2010, (EU) No 1094/2010 and (EU) No 1095/2010, respectively, conclude administrative arrangements with third-country regulatory and supervisory authorities to foster international cooperation on ICT third-party risk across different financial sectors, notably by developing best practices for the review of ICT risk-management practices and controls, mitigation measures and incident responses.

2. The ESAs shall, through the Joint Committee, submit every five years a joint confidential report to the European Parliament, to the Council and to the Commission summarising the findings of relevant discussions held with the third countries authorities referred to in paragraph 1, focussing on the evolution of ICT third-party risk and the implications for financial stability, market integrity, investor protection or the functioning of the single market.