DORA: An Overview of the Information Register and Its Importance for ICT Service Providers
The DORA information register provides a comprehensive overview of ICT service providers in the financial sector and their contractual agreements.
Introduction
DORA (Digital Operational Resilience Act) is a crucial part of the regulation aimed at enhancing the digital operational resilience of financial companies. A central element is the information register, which provides an overview of all ICT service providers.
What is the Information Register?
The information register serves as a central point for information on contractual agreements with ICT third-party providers. It includes both critical ICT service providers, known as hyperscalers, as well as other providers that support essential functions for financial companies.
Functions of the Information Register
The information register fulfills several functions:
- Overview of Contracts: It provides a clear overview of all contractual agreements.
- Risk Management: It supports ICT risk management by identifying relevant service providers.
- Cross-Sector Information Exchange: It promotes information exchange between different sectors.
Reporting Obligations
In addition to the information register, there are specific reporting obligations for financial companies to ensure that all relevant information about ICT service providers is captured and reported.
Conclusion
The DORA information register is a crucial instrument for the regulation of ICT service providers in the financial sector and contributes to strengthening digital resilience.