DORA Article 32: Obligations, Deadlines & Penalties

The Joint Committee shall establish the Oversight Forum as a sub-committee to support the work of the Joint Committee and the Lead Overseer in the area of ICT third-party risk. Regulation (EU) 2022/2554, Article 32, Article 32

The Oversight Forum shall prepare the draft joint positions and the draft common acts of the Joint Committee in the area of ICT third-party risk. Regulation (EU) 2022/2554, Article 32, Article 32

The Oversight Forum shall regularly discuss relevant developments on ICT risk and vulnerabilities and promote a consistent approach in the monitoring of ICT third-party risk at Union level. Regulation (EU) 2022/2554, Article 32, Article 32

The Oversight Forum shall, on a yearly basis, undertake a collective assessment of the results and findings of the oversight activities conducted for all critical ICT third-party service providers. Regulation (EU) 2022/2554, Article 32, Article 32

The Oversight Forum shall promote coordination measures to increase the digital operational resilience of financial entities, foster best practices on addressing ICT concentration risk and explore mitigants for cross-sector risk transfers. Regulation (EU) 2022/2554, Article 32, Article 32

The Oversight Forum shall submit comprehensive benchmarks for critical ICT third-party service providers to be adopted by the Joint Committee as joint positions of the ESAs. Regulation (EU) 2022/2554, Article 32, Article 32

Each Member State shall designate the relevant competent authority whose staff member shall be the high-level representative referred in paragraph 4, point (b). Regulation (EU) 2022/2554, Article 32, Article 32

Each Member State shall inform the Lead Overseer of the designation of the relevant competent authority. Regulation (EU) 2022/2554, Article 32, Article 32

The ESAs shall publish on their website the list of high-level representatives from the current staff of the relevant competent authority designated by Member States. Regulation (EU) 2022/2554, Article 32, Article 32

The Oversight Forum shall appoint independent experts from a pool of experts selected following a public and transparent application process. Regulation (EU) 2022/2554, Article 32, Article 32

The ESAs shall issue guidelines on the cooperation between the ESAs and the competent authorities covering detailed procedures for task allocation and information exchanges. Regulation (EU) 2022/2554, Article 32, Article 32

The ESAs, through the Joint Committee, shall, on a yearly basis, submit a report on the application of this Section to the European Parliament, the Council and the Commission. Regulation (EU) 2022/2554, Article 32, Article 32