On December 2022, the EU Regulation 2022/2554 on Digital Operational Resilience for the financial sector was published in the Official Journal of the European Union. Also known as the Digital Operational Resilience Act (DORA), the regulation intends to harmonise rules regarding digital resilience in the financial sector across all Member States.
Following our Digital Operational Resilience Act (DORA) - Introduction module, this specific training focuses on comprehending the requirements for third-party services management and emphasises key considerations when initiating new service contracts.
26 November 2024 (EN) - 2pm-5pm - On site
20 May 2025 (EN) - 2pm-5pm - On site
Price: 615.00€
Duration: 3h
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
You are interested in participating in this course but no sessions are currently scheduled? Please contact us and you will be added to our Show Interest list.
Objectives
By the end of this module, participants will be able to:
- understand the requirements related to third-party risk management;
- understand the main changes from the circular 22/806 on outsourcing arrangements;
- issue a new service contract while complying with DORA.
Content
- How to tackle DORA third party risk management requirements?
- What is the main difference with the circular 22/806?
- How to complete DORA third party register? – Use case
- Main considerations on the service contract as per DORA: completion, consistency, accuracy, uniqueness
Target audience
For all financial entities and IT service providers:
- Top management
- Operations/IT manager
- Operational risk manager
- Compliance manager
- Outsourcing manager
- Procurement manager
- Internal auditor
Our lead experts
This training is coordinated by Michael Horvath, Partner at PwC Luxembourg.
Michael has acquired a strong financial and regulatory audit as well as advisory background and significant experience leading projects in the asset management sphere.
In the recent past, Michael has been particularly involved in various regulatory projects related to the implementation of the EU regulatory framework for sustainable finance (i.e. SFDR, taxonomy regulation, CSRD) at entity and product level. Michael is involved in various other regulatory projects for clients, from DORA, AML/CFT regulation over CSSF circular 18/698 to MICA.
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