§ DORA · Article 60

DORA Article 60: Obligations, Deadlines & Penalties

Regulation (EU) 2022/2554, Article 60 · All obligations · DORA

At a glance

Article 60 of the DORA imposes 7 obligations on CCP, ESMA, trade repository.

§ Obligations

All obligations under Article 60

Obligation 1

A CCP shall maintain and operate an organisational structure that ensures continuity and orderly functioning in the performance of its services and activities. Regulation (EU) 2022/2554, Article 60, Article 60

Obligated entity: CCP
Sector scope: financial sector
Action required: maintain
Deadline: —
Penalty: —

Obligation 2

A CCP shall employ appropriate and proportionate systems, resources and procedures, including ICT systems managed in accordance with Regulation (EU) 2022/2554. Regulation (EU) 2022/2554, Article 60, Article 60

Obligated entity: CCP
Sector scope: financial sector
Action required: employ
Deadline: —
Penalty: —

Obligation 3

A CCP shall establish, implement and maintain an adequate business continuity policy and disaster recovery plan, which shall include ICT business continuity policy and ICT response and recovery plans put in place and implemented in accordance with Regulation (EU) 2022/2554. Regulation (EU) 2022/2554, Article 60, Article 60

Obligated entity: CCP
Sector scope: financial sector
Action required: establish
Deadline: —
Penalty: —

Obligation 4

ESMA shall, after consulting the members of the ESCB, develop draft regulatory technical standards specifying the minimum content and requirements of the business continuity policy and of the disaster recovery plan, excluding ICT business continuity policy and disaster recovery plans. Regulation (EU) 2022/2554, Article 60, Article 60

Obligated entity: ESMA
Sector scope: financial sector
Action required: develop
Deadline: —
Penalty: —

Obligation 5

ESMA shall develop draft regulatory technical standards specifying the details, other than for requirements related to ICT risk management, of the application for registration referred to in paragraph 1. Regulation (EU) 2022/2554, Article 60, Article 60

Obligated entity: ESMA
Sector scope: financial sector
Action required: develop
Deadline: —
Penalty: —

Obligation 6

A trade repository shall identify sources of operational risk and minimise them also through the development of appropriate systems, controls and procedures, including ICT systems managed in accordance with Regulation (EU) 2022/2554. Regulation (EU) 2022/2554, Article 60, Article 60

Obligated entity: trade repository
Sector scope: financial sector
Action required: identify
Deadline: —
Penalty: —

Obligation 7

A trade repository shall establish, implement and maintain an adequate business continuity policy and disaster recovery plan including ICT business continuity policy and ICT response and recovery plans established in accordance with Regulation (EU) 2022/2554. Regulation (EU) 2022/2554, Article 60, Article 60

Obligated entity: trade repository
Sector scope: financial sector
Action required: establish
Deadline: —
Penalty: —

§ Frequently asked

Questions about Article 60

Who must comply with Article 60 of the DORA? +

CCP, ESMA, trade repository.

What does Article 60 of the DORA require? +

maintain employ establish

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