Article 63Amendment to Regulation (EU) 2016/1011
In Article 6 of Regulation (EU) 2016/1011, the following paragraph is added:
‘6. For critical benchmarks, an administrator shall have sound administrative and accounting procedures, internal control mechanisms, effective procedures for risk assessment, and effective control and safeguard arrangements for managing ICT systems in accordance with Regulation (EU) 2022/2554 of the European Parliament and of the Council (*).
(*) Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011 (OJ L 333, 27.12.2022, p. 1).’.
DORA, the European Union regulation on digital operational resilience, Article 63
An amendment to the Benchmarks Regulation. A paragraph is added to Article 6 so that, for critical benchmarks, an administrator must have sound administrative and accounting procedures, internal control mechanisms, effective risk assessment procedures, and effective control and safeguard arrangements for managing ICT systems in accordance with DORA.
The amendment is limited to critical benchmarks. DORA Article 2(1)(r) likewise lists administrators of critical benchmarks. An administrator of a benchmark that is not critical is outside both this new paragraph and DORA’s list.
Text: Regulation (EU) 2022/2554, as published in the Official Journal of the European Union, from EUR-Lex. Only the Official Journal text is authentic.