Now that the European Union’s Digital Operational Resilience Act (“DORA”) has been adopted by the Council of the European Union and the European Supervisory Authorities have begun the process of developing the relevant underlying technical standards, UK companies who provide financial services into the EU will be looking to understand how DORA could impact them.

DORA is a wide ranging piece of legislation, aimed at increasing the resilience of the EU’s financial services sector by ensuring firms are able to withstand, respond to, and recover from, all types of information and communications technology (“ICT”) related disruptions and threats.

This article provides an overview of the contractual implications DORA has for UK financial services firms.