Uniform ICT rules refer to a standardized set of regulations governing information and communication technology systems and their operational resilience across various entities within a specific sector. These rules aim to create a consistent framework for managing ICT risks, ensuring data security, and maintaining operational continuity. They reduce fragmentation and enhance overall system stability.
Context
In the European Union, the Digital Operational Resilience Act (DORA) introduces uniform ICT rules for a broad range of financial entities, including some crypto-asset service providers. This initiative seeks to harmonize cybersecurity and operational resilience standards across the financial sector, including digital assets. The implementation of these rules requires significant investment in IT infrastructure, risk management frameworks, and incident response capabilities for affected firms.
CASPs must immediately integrate DORA's systemic ICT risk management and third-party oversight framework into their core compliance architecture by the January 2025 deadline.
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