BaFin Publishes DORA Guidance on Documentation Requirements
BaFin has published a structured overview of the documentation requirements of the Digital Operational Resilience Act (DORA) to assist financial companies in implementation.
Introduction
In December 2023, the Federal Financial Supervisory Authority (BaFin) published a guidance document on the documentation requirements of the Digital Operational Resilience Act (DORA). This guidance aims to assist financial companies in navigating the various legal texts.
DORA and Its Requirements
The requirements are outlined in various articles of DORA as well as in the regulatory and implementing technical standards. The guidance provides an initial overview of the minimum documentation specified in DORA and the Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS).
Structure of the Guidance
The individual columns show the chapters, sections, and articles of DORA, along with the relevant technical standards deemed important by BaFin. The requirements from the technical standards are assigned thematically to facilitate navigation.
Conclusion
With this guidance, BaFin aims to ease the implementation of documentation requirements for financial companies and contribute to a better understanding of the legal framework.