Legal Amendments implementing DORA Regulation in Maltese Law
January 16, 2025
Introduction
On the 11th of November 2024, the Malta Financial Services Authority (the “MFSA”) has published a new Circular concerning the necessary legal measures for the purposes of the national implementation of Regulation 2022/2554 on Digital Operational Resilience (the “DORA Regulation”). The DORA Regulation is also accompanied by the DORA Amending Directive (EU) 2022/2556 (the “Amending Directive”). Akin to the transposition deadline of the Amending Directive, the DORA Regulation shall be applicable as from the 17th of January 2025.
The MFSA’s announcement relating to the measures implementing elements of the DORA Regulation follows the earlier release of the Consultation Document, which sought feedback from local stakeholders on the proposed implementation approach to be adopted for the DORA legislative package. The MFSA announced that measures related to the transposition of the DORA Amending Directive will be published in due course.
To read the rest of the article, please visit the following link: https://ganado.com/news/firm-news/legal-amendments-implementing-dora-regulation-in-maltese-law/
Authors: James Debono (Senior Associate), Gianluca Sammut (Advocate)
On the 11th of November 2024, the Malta Financial Services Authority (the “MFSA”) has published a new Circular concerning the necessary legal measures for the purposes of the national implementation of Regulation 2022/2554 on Digital Operational Resilience (the “DORA Regulation”). The DORA Regulation is also accompanied by the DORA Amending Directive (EU) 2022/2556 (the “Amending Directive”). Akin to the transposition deadline of the Amending Directive, the DORA Regulation shall be applicable as from the 17th of January 2025.
The MFSA’s announcement relating to the measures implementing elements of the DORA Regulation follows the earlier release of the Consultation Document, which sought feedback from local stakeholders on the proposed implementation approach to be adopted for the DORA legislative package. The MFSA announced that measures related to the transposition of the DORA Amending Directive will be published in due course.
To read the rest of the article, please visit the following link: https://ganado.com/news/firm-news/legal-amendments-implementing-dora-regulation-in-maltese-law/
Authors: James Debono (Senior Associate), Gianluca Sammut (Advocate)