On Feb. 13, EC issued final Reg 2025/295 on oversight activities.
EC issued final Reg 2025/295 supplementing Reg 2022/2554 with regulatory technical standards on harmonisation of conditions enabling conduct of the oversight activities.
Follows EU CMSN Oct. 2024 adopted RTS on harmonization of conditions enabling the conduct of the oversight activities (C(2024)6913), see #219810.
Conduct of Oversight Activities
The framework on digital operational resilience for the financial sector established by Reg 2022/2554 introduces a Union oversight framework for the information and communication technology (ICT) third-party service providers to the financial sector designated as critical in accordance with Article 31 of that regulation.
Regulation based on draft regulatory technical standards submitted to EC by the ESAs.
Effectiveness
Regulation in force on 20th day following publication in Official Journal, Mar. 5, 2025.
Regulators
EU CMSN; EU EBA; EU EIOPA; EU ESMA
Entity Types
B/D; Bank; Depo; Exch; IA; Ins; Inv Co; MSB
Reference
OJ L, 2/13/2025; PR, C(2024)6913, 10/24/2024; DORA Dir 2022/2556, Reg 2022/2554; Citation: Reg 2022/2554; C(2024)6913; Reg 2025/295;
