Finantsinspektsioon is inviting people to participate in the DORA information register exercise

27/09/2024

The European supervisory authorities are this year carrying out an exercise to create an information register of contracts for information and communication technology (ICT) services, and all the companies in the financial sector that come under the scope of DORA are expected to participate in it.

The purpose of the exercise is to prepare the financial sector for changes and support the creation of the information register. Participation in the exercise is voluntary. Companies in the financial sector that submit data to the information register will later get individual feedback directly from the European supervisory institutions on the quality of their data.

The timetable for the exercise calls for the information register to be completed and supporting workshops to be run in June and July. All the necessary forms and files will be published on 31 May and will also be available to those who do not want to participate in the exercise. Finantsinspektsioon will forward completed information registers to the European supervisory institutions until the end of August. Individual feedback on the quality of the data in the information register will be sent to the financial sector companies that participate in November this year.

Please inform Finantsinspektsioon electronically if you are interested in participating. This can be done by emailing the name of the company that will participate and the email address and telephone number of the contact person to [email protected] by 31 May at the latest. Completion and submission of the information register each year will become compulsory under Regulation (EU) 2022/2554 of the European Parliament and of the Council on digital operational resilience for the financial sector, which will come into force from 17 January 2025.

See here for a recording presenting the workshop for companies in the financial sector. Press releases about the exercise can be found on the websites of the European supervisory institutions:
The European Banking Authority (EBA)
The European Insurance and Occupational Pensions Authority (EIOPA)
The European Securities and Markets Authority (ESMA)

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