Question ID
2023_6876
Legal act
Regulation (EU) No 2022/2554 (DORA Reg)
Topic
Other DORA topics
Article
2
Paragraph
a
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Not applicable
Article/Paragraph
N/A
Type of submitter
Competent authority
Subject matter
DORA Regulation & Applicability to Third-Country Branches
Question

Is Regulation (EU) 2022/2554 (DORA) applicable to third-country branches that are licensed in our country (EU country) as Credit Institutions?

Background on the question

It is our understanding that Credit Institutions that are third-country branches licensed in an EU country would be included in scope of the DORA Regulation and, thus, so would the requirements of the Regulation apply. 

We have encountered a particular situation where we have a third-country branch licensed as Credit Institutions in our EU jurisdiction. However, from a financial perspective, this particular branch has very limited operations in our country and the EU as a whole.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the matter it refers to is in the process of being answered in Q&A DORA 102 (see the joint Q&A register).

The final answer was provided by the Commission on Thursday, June 20, 2024. The Q&A was then reopened for review in the light of the changes introduced to Directive (EU) 2013/36 (CRD) by Directive (EU) 2024/1619.

 

the joint ID if this Q&A is DORA013

Status
Rejected question