European Commission asks ESAs for technical advice on DORA
January 12, 2023
On 4 January 2023 the European Banking Authority (EBA) published a letter from the European Commission (“the Commission”) to the European Supervisory Authorities (ESAs) requesting advice on designation criteria and fees for the oversight framework for critical third-party service providers set out under Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (DORA). Together with the letter, the EBA published the content of the Call for Technical Advice, which sets out in more detail the scope of the advice requested by the Commission. As per the mandate set out in DORA, the ESAs are requested to deliver technical advice on two delegated acts.