§ DORA · Article 49
DORA Article 49: Obligations, Deadlines & Penalties
At a glance
Article 49 of the DORA imposes 5 obligations on Competent authorities, ECB, ENISA and 6 other entity type(s).
§ Obligations
All obligations under Article 49
Obligation 1
The ESAs, through the Joint Committee and in collaboration with competent authorities, resolution authorities, the ECB, the Single Resolution Board, the ESRB and ENISA, may establish mechanisms to enable the sharing of effective practices across financial sectors to enhance situational awareness and identify common cyber vulnerabilities and risks.
Regulation (EU) 2022/2554, Article 49, Article 49
- Obligated entity
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ESAs, Joint Committee, competent authorities, resolution authorities, ECB, Single Resolution Board, ESRB, ENISA
- Sector scope
- financial sector
- Action required
-
establish
- Deadline
-
—
- Penalty
-
—
Obligation 2
The ESAs, through the Joint Committee and in collaboration with competent authorities, resolution authorities, the ECB, the Single Resolution Board, the ESRB and ENISA, may develop crisis management and contingency exercises involving cyber-attack scenarios to develop communication channels and enable an effective coordinated response at Union level.
Regulation (EU) 2022/2554, Article 49, Article 49
- Obligated entity
-
ESAs, Joint Committee, competent authorities, resolution authorities, ECB, Single Resolution Board, ESRB, ENISA
- Sector scope
- financial sector
- Action required
-
develop
- Deadline
-
—
- Penalty
-
—
Obligation 3
Competent authorities, ESAs and the ECB shall cooperate closely with each other and exchange information to carry out their duties pursuant to Articles 47 to 54.
Regulation (EU) 2022/2554, Article 49, Article 49
- Obligated entity
-
Competent authorities, ESAs, ECB
- Sector scope
- financial sector
- Action required
-
cooperate
- Deadline
-
—
- Penalty
-
—
Obligation 4
Competent authorities, ESAs and the ECB shall exchange information to carry out their duties pursuant to Articles 47 to 54.
Regulation (EU) 2022/2554, Article 49, Article 49
- Obligated entity
-
Competent authorities, ESAs, ECB
- Sector scope
- financial sector
- Action required
-
exchange
- Deadline
-
—
- Penalty
-
—
Obligation 5
Competent authorities, ESAs and the ECB shall closely coordinate their supervision in order to identify and remedy breaches of this Regulation, develop and promote best practices, facilitate collaboration, foster consistency of interpretation and provide cross-jurisdictional assessments.
Regulation (EU) 2022/2554, Article 49, Article 49
- Obligated entity
-
Competent authorities, ESAs, ECB
- Sector scope
- financial sector
- Action required
-
coordinate
- Deadline
-
—
- Penalty
-
—
§ Frequently asked
Questions about Article 49
Who must comply with Article 49 of the DORA?
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Competent authorities, ECB, ENISA, ESAs, ESRB, Joint Committee, Single Resolution Board, competent authorities, resolution authorities.
What does Article 49 of the DORA require?
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establish develop cooperate