Chapter I: Scope & Descoping (Articles 1-4)
How DORAedge enables compliance with DORA
Introduction
Chapter I of DORA lays the groundwork for the digital operational resilience standards that financial entities must meet under this regulation. It introduces the overall goals, scope, and key definitions, ensuring that all financial institutions—regardless of size—are equipped to maintain secure and resilient operations.
Below is a breakdown of how DORAedge supports financial entities in adhering to these fundamental provisions.
Article 1: Subject Matter
DORAedge is designed to help financial entities meet the new standardized requirements for digital operational resilience. By providing a centralized platform for ICT risk management, incident reporting, and third-party risk oversight, DORAedge simplifies compliance with key regulatory provisions. The platform ensures that financial entities maintain effective governance while streamlining operational processes and improving transparency.
How DORAedge Assists:
Comprehensive ICT risk management and reporting tools.
Support for incident reporting and digital resilience testing.
Centralized management of ICT third-party service providers and contracts.
Article 2: Scope
DORAedge is built to accommodate the operations of a diverse range of financial entities, from credit institutions to crypto-asset service providers. The platform adapts to each entity's unique compliance requirements, helping organizations across the financial sector maintain operational integrity and digital resilience.
Entities DORAedge Can Support:
Credit institutions
Payment institutions
Account information service providers
Electronic money institutions
Investment firms
Crypto-asset service providers
Central securities depositories
Central counterparties
Trading venues
Trade repositories
Alternative investment fund managers
Management companies
Data reporting service providers
Insurance and reinsurance undertakings
Insurance intermediaries and ancillary insurance intermediaries
Institutions for occupational retirement provision
Credit rating agencies
Crowdfunding service providers
Securitization repositories
ICT third-party service providers
How DORAedge Assists:
A flexible architecture that supports a wide variety of financial entities.
Scalable features tailored to the specific needs of different business models.
Article 3: Definitions
No applicable DORAedge assistance required.
Article 4: Proportionality Principle
DORAedge ensures that its tools are scalable and adaptable to the size, risk profile, and complexity of each regulated financial entity. The platform supports proportional implementation of ICT risk management and compliance measures, offering tailored solutions that meet the specific needs of every entity, from small firms to large financial institutions.
How DORAedge Assists:
Scalable features that adjust to the size and risk profile of the financial entity.
Tools that match the complexity and scope of each organization’s operations.
A dedicated tier for microenterprises, offering simplified controls and reduced overhead, all at a lower cost.
Last updated