Article 64, Entry Into Force And Application, Digital Operational Resilience Act (DORA)

Overview

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

It shall apply from 17 January 2025.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Strasbourg, 14 December 2022.

Summary Of Article 64

Article 64 of the Digital Operational Resilience Act (DORA) specifies the timeline for the regulation's entry into force and its application. The regulation will officially enter into force 20 days after its publication in the Official Journal of the European Union, ensuring a clear start to its legal framework. Importantly, DORA will be fully applicable from 17 January 2025, providing stakeholders time to prepare for its implementation.

This article also emphasizes that DORA is binding in its entirety, meaning that the regulation applies across all EU Member States without the need for further national legislation. As a directly applicable regulation, it ensures uniform enforcement of its provisions, creating a consistent approach to digital operational resilience across the EU's financial sector.

The article concludes with the official signing of the regulation in Strasbourg on 14 December 2022, marking the completion of its legislative process. This formal adoption sets the stage for DORA’s goal of strengthening digital resilience in financial services, ensuring that financial institutions and infrastructures across the EU are better equipped to manage ICT risks and disruptions. This timeline guarantees that DORA will be fully operational by 2025, promoting greater stability and security in the financial sector.