For UK investment firms, the enforcement of the Digital Operational Resilience Act (DORA) on 17 January “underscores the importance of adopting proactive measures to meet its requirements”, according to market research business Forrester.
While DORA is a European Union regulation, its reach extends beyond the EU, affecting UK firms that have operations or interactions within the region. The market research firm advised firms to review their incident response plans, supply chain strategies, and compliance frameworks to ensure readiness for the new obligations ahead of this month's implementation date. Forrester senior analyst Madelein van der Hout emphasised the need for firms to reassess their operational strategies, stating, that "aligning DORA compliance with existing Financial Conduct Authority requirements will be ...
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