Joint Statement on DORA & definition of ICT Services
ECSDA, AFME, EACH, FESE and FIA are publishing today, 1 October, a joint statement on the scope of ICT services under DORA.
In light of the upcoming DORA application deadline on the 17th of January 2025, all the associations welcome the intention of the Commission and ESAs to provide Q&A clarifications on the definition of ICT services. This should reinforce the widely held understanding that regulated financial services, such as those provided by FMIs, credit institutions and investment firms in their capacity as such, should not be deemed ICT services in the scope of DORA.
The associations recommend the ESAs to reinstate the guidance confirming that regulated financial services should not be treated as ICT services for the purpose of DORA and clarify that regulated financial services include any services and activities subject to the supervision of a financial services regulator including any ancillary or delegated services.