Article 63: Amendment to Regulation (EU) 2016/1011
agent:eu:dora:art-63 · sha256 e566b5020950e256
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
In Article 6 of Regulation (EU) 2016/1011, the following paragraph is added:
‘6.
For critical benchmarks, an administrator shall have sound administrative and accounting procedures, internal control mechanisms, effective procedures for risk assessment, and effective control and safeguard arrangements for managing ICT systems in accordance with Regulation (EU) 2022/2554 of the European Parliament and of the Council (*5).
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