Digital Operational Resilience Act (DORA)
Table of Contents
Chapter I – General provisions
Chapter II – ICT risk management
Chapter III – ICT-related incident management, classification and reporting
Chapter IV – Digital operational resilience testing
Chapter V – Managing of ICT third-party risk
Chapter VI – Information-sharing arrangements
Chapter VII – Competent authorities
Chapter VIII – Delegated acts
Chapter IX – Transitional and final provisions
Recitals (106)
Recital 74
(74) Such contractual arrangements should also provide for dedicated exit strategies to enable, in particular, mandatory transition periods during which ICT third-party service providers should continue providing the relevant services with a view to reducing the risk of disruptions at the level of the financial entity, or to allow the latter effectively to switch to the use of other ICT third-party service providers or, alternatively, to change to in-house solutions, consistent with the complexity of the provided ICT service. Moreover, financial entities within the scope of Bank Recovery and Resolution Directive (BRRD) should ensure that the relevant contracts for ICT services are robust and fully enforceable in the event of resolution of those financial entities. Therefore, in line with the expectations of the resolution authorities, those financial entities should ensure that the relevant contracts for ICT services are resolution resilient. As long as they continue meeting their payment obligations, those financial entities should ensure, among other requirements, that the relevant contracts for ICT services contain clauses for non-termination, non-suspension and non-modification on grounds of restructuring or resolution.