§ DORA · Article 55
DORA Article 55: Obligations, Deadlines & Penalties
At a glance
Article 55 of the DORA imposes 4 obligations on and experts, auditors, competent authorities and 3 other entity type(s).
§ Obligations
All obligations under Article 55
Obligation 1
Any confidential information received, exchanged or transmitted pursuant to this Regulation shall be subject to the conditions of professional secrecy.
Regulation (EU) 2022/2554, Article 55, Article 55
- Obligated entity
-
competent authorities
- Action required
-
maintain secrecy
- Deadline
-
—
- Penalty
-
—
Obligation 2
The obligation of professional secrecy applies to all persons who work, or who have worked, for the competent authorities or for any authority or market undertaking or natural or legal person to whom those competent authorities have delegated their powers, including auditors and experts contracted by them.
Regulation (EU) 2022/2554, Article 55, Article 55
- Obligated entity
-
persons working for competent authorities, delegated authorities, market undertakings, auditors, and experts
- Action required
-
maintain secrecy
- Deadline
-
—
- Penalty
-
—
Obligation 3
Information covered by professional secrecy shall not be disclosed to any other person or authority except by virtue of provisions laid down by Union or national law.
Regulation (EU) 2022/2554, Article 55, Article 55
- Obligated entity
-
competent authorities
- Action required
-
not disclose
- Deadline
-
—
- Penalty
-
—
- Exemptions
- disclosure permitted by Union or national law
Obligation 4
All information exchanged between the competent authorities that concerns business or operational conditions and other economic or personal affairs shall be considered confidential and shall be subject to the requirements of professional secrecy.
Regulation (EU) 2022/2554, Article 55, Article 55
- Obligated entity
-
competent authorities
- Action required
-
treat as confidential
- Deadline
-
—
- Penalty
-
—
- Exemptions
- where the competent authority states at the time of communication that such information may be disclosed or where such disclosure is necessary for legal proceedings
§ Frequently asked
Questions about Article 55
Who must comply with Article 55 of the DORA?
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and experts, auditors, competent authorities, delegated authorities, market undertakings, persons working for competent authorities.
What does Article 55 of the DORA require?
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maintain secrecy not disclose treat as confidential