Digital Operational Resilience of Financial Services (DORFS) Act
Industry News | 19/12/19
A consultation on the Digital Operational Resilience of Financial Services (DORFS) Act has been launched by the European Commission following advice by the European Supervisory Authorities in April 2019 to propose targeted improvements to the EU financial regulatory framework. The consultation seeks to understand stakeholders’ views on the need for legislative improvements within financial services with a view to making the financial sector more secure and resilient by harmonising rules across the EU in a proportionate way. Consultation ends: 12 March 2020.