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Article 3: Definitions

agent:eu:dora:art-3 · sha256 34e144144c892a13

Turnover framework under the act

The act sets no turnover framework. Penalties are laid down by the Member States.

Affected roles

Not in the register yet.

Affected industries

banking, insurance

Obligations

Not in the register yet.

Article text

For the purposes of this Regulation, the following definitions shall apply:

(1)

‘digital operational resilience’ means the ability of a financial entity to build, assure and review its operational integrity and reliability by ensuring, either directly or indirectly through the use of services provided by ICT third-party service providers, the full range of ICT-related capabilities needed to address the security of the network and information systems which a financial entity uses, and which support the continued provision of financial services and their quality, including throughout disruptions;

(2)

‘network and information system’ means a network and information system as defined in Article 6, point 1, of Directive (EU) 2022/2555;

(3)

‘legacy ICT system’ means an ICT system that has reached the end of its lifecycle (end-of-life), that is not suitable for upgrades or fixes, for technological or commercial reasons, or is no longer supported by its supplier or by an ICT third-party service provider, but that is still in use and supports the functions of the financial entity;

(4)

‘security of network and information systems’ means security of network and information systems as defined in Article 6, point 2, of Directive (EU) 2022/2555;

(5)

‘ICT risk’ means any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment;

(6)

‘information asset’ means a collection of information, either tangible or intangible, that is worth protecting;

(7)

Machine-readable formThe article in the registerChangesSource: NovaCopilot