Article 59 DORA – Amendments to Regulation (EC) No 1060/2009

Regulation (EC) No 1060/2009 is amended as follows: (1) in Annex I, Section A, point 4, the first subparagraph is replaced by the following:‘A credit rating agency 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 (*1).(*1)  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. … Continue reading Article 59 DORA – Amendments to Regulation (EC) No 1060/2009Read More →