Publication
Relief from relief: Making handling relief events easier and more collaborative
Relief events clauses are included as standard provisions of most technology implementation, outsourcing and services contracts.
Global | Publication | January 2023
On December 27, 2022, the European Regulation on digital operational resilience for the financial sector was published. It entered into force on January 17, 2023 and will apply as of January 17, 2025.
The objective of DORA is to enable the European financial sector (construed broadly) to remain resilient in the event of a serious operational disruption as well as to prevent and mitigate cyber threats.
In particular:
The scope of the Regulation is very broad. DORA targets Luxembourg entities engaged in financial and insurance sectors, including, amongst others:
As well as any Luxembourg branches of the aforementioned entities.
DORA requires Member States to lay down rules on appropriate, effective, and proportionate criminal and administrative penalties and remedial measures for its breaches.
Publication
Relief events clauses are included as standard provisions of most technology implementation, outsourcing and services contracts.
Publication
The European Union has published a suite of materials aimed at clarifying and simplifying the implementation of the EUDR, ahead of its first compliance milestone for large and medium enterprises on 30 December 2025.
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