critical or important function

Defined in Article 3, Digital operational Resilience Act (DORA)

Definitions over time (1)

  1. 16/01/2023 – today applies on 11/11/2026 Article 3, Digital operational Resilience Act (DORA) Scope: Whole act

    For the purposes of this Regulation, the following definitions shall apply:

    ‘critical or important function’ means a function, the disruption of which would materially impair the financial performance of a financial entity, or the soundness or continuity of its services and activities, or the discontinued, defective or failed performance of that function would materially impair the continuing compliance of a financial entity with the conditions and obligations of its authorisation, or with its other obligations under applicable financial services law;

Used in (57 places in 25 provisions on 11/11/2026)

Digital operational Resilience Act (DORA) (57 in 25)

Recital 29 · Recital 592 · Recital 62 · Recital 66 · Recital 70 · Recital 72 · Recital 73 · Article 33 · Article 52 · Article 8 · Article 9 · Article 113 · Article 123 · Article 13 · Article 15 · Article 162 · Article 24 · Article 25 · Article 266 · Article 288 · Article 297 · Article 304 · Article 31 · Article 33 · Article 353

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