Follows EU CNCL Dec. 2022 final Dir 2022/2556 and Reg 2022/2554 on digital operational resilience for the financial sector in the Official Journal, see #137568.
The regulation designates MLT FSA as competent authority in Malta for implementing the relevant provisions of the DORA regulation and for ensuring regulatory compliance.
MLT FSA will exercise all functions, obligations and powers; includes receiving reports on major ICT-related incidents, and voluntary notifications of significant cyber threats.
Will have powers to disclose reports/notifications to any other relevant body/authority.
In the event of conflict between any regulations, provisions of DORA regulation prevail.
Regulations cover areas including: credit rating agencies; OTC derivatives, central counterparties/trade repositories; ECB credit institution supervision; benchmarks in financial instruments, contracts, or to measure the performance of investment funds.
