The European Commission is considering amending the existing rules for the financial sector regarding digital operational resilience, with a view to unifying and strengthening the legal framework in this area.
The proposed change to legislation would amend the existing Network and Information Security (NIS) Directive and create a new regulation on digital operational resilience, known
On March 29, 2021, the Financial Conduct Authority (FCA) published final rules that will create a new operational resilience framework for banks, building societies, solvency II firms, recognized investment exchanges, enhanced scope senior managers and certification regime firms, and those authorized or registered under the Payment Services Regulations 2017 or Electronic Money Regulations 2011. The