The Belgium Financial Services and Markets Authority published the results of its second survey on how prepared financial entities are for the EU Digital Operational Resilience Act (DORA) as it starts to apply on 17 January 2025. It found that many entities are on the right track to meet DORA’s objectives, but still need to make significant efforts to be fully compliant. Conducted in November 2024, the survey assessed firms’ readiness against DORA’s digital operational resilience requirements, which aim to protect financial entities and their clients. Further information is set out in FSMA Communication FSMA_2025_01.
Belgium Financial Services and Markets Authority 2025-01-17
Belgium Financial Services and Markets Authority survey finds firms still need significant work to comply with DORA
The Belgium Financial Services and Markets Authority released its second survey results on financial entities' preparedness for the EU Digital Operational Resilience Act (DORA), effective 17 January 2025. While many entities are progressing towards compliance, significant efforts are still needed to fully meet DORA's requirements.